Element Fleet Management (TSE:EFN - Get Free Report) had its target price dropped by analysts at National Bankshares from C$41.00 to C$40.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the financial services provider's stock. National Bankshares' price target would suggest a potential upside of 41.29% from the stock's current price.
Several other equities analysts also recently weighed in on EFN. TD Securities increased their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Scotiabank cut their price objective 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 cut their price objective for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. CIBC raised their price objective 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. Finally, Raymond James raised their price objective on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$34.00.
View Our Latest Analysis on EFN
Element Fleet Management Trading Down 2.2 %
TSE EFN traded down C$0.63 during trading hours on Thursday, hitting C$28.31. 594,030 shares of the company's stock were exchanged, compared to its average volume of 534,050. The business's 50 day moving average is C$28.82 and its 200-day moving average is C$28.64. Element Fleet Management has a 12-month low of C$21.20 and a 12-month high of C$30.49. The firm has a market capitalization of C$8.11 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04.
Insider Activity
In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Also, Senior Officer Laura Lee Dottori-Attanasio bought 2,500 shares of Element Fleet Management stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of C$28.78 per share, for a total transaction of C$71,950.00. Over the last quarter, insiders purchased 15,550 shares of company stock worth $445,872. 0.26% of the stock is currently owned by corporate insiders.
Element Fleet Management Company Profile
(
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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.
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