Analysts Offer Predictions for TSE:EFN FY2024 Earnings

Element Fleet Management Corp. (TSE:EFN - Free Report) - Investment analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Element Fleet Management in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $1.48 for the year, down from their prior forecast of $1.56. The consensus estimate for Element Fleet Management's current full-year earnings is $1.69 per share.

Several other research analysts also recently commented on the company. Raymond James boosted their target price on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. CIBC boosted their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Scotiabank reduced their target price on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Jefferies Financial Group downgraded Element Fleet Management from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. Finally, National Bankshares boosted their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$33.63.

Element Fleet Management Price Performance

Shares of EFN traded up C$0.23 on Wednesday, hitting C$28.41. The company's stock had a trading volume of 469,822 shares, compared to its average volume of 478,106. The company has a market capitalization of C$11.47 billion, a PE ratio of 22.20, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management has a fifty-two week low of C$21.20 and a fifty-two week high of C$30.49. The company has a 50 day moving average price of C$28.92 and a 200 day moving average price of C$28.32.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total transaction of C$142,480.00. Also, Senior Officer James Halliday sold 33,664 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. In the last 90 days, insiders acquired 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. Corporate insiders own 0.26% of the company's stock.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.