Element Fleet Management (TSE:EFN) Given New C$40.00 Price Target at National Bankshares

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.

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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

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.