Element Fleet Management (TSE:EFN) Price Target Increased to C$14.00 by Analysts at National Bank Financial

Element Fleet Management (TSE:EFN) had its price target increased by National Bank Financial from C$12.00 to C$14.00 in a research report report published on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Element Fleet Management’s Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.21 EPS, FY2020 earnings at $0.80 EPS, Q1 2021 earnings at $0.23 EPS, Q2 2021 earnings at $0.25 EPS and FY2021 earnings at $1.02 EPS.

Several other brokerages have also recently commented on EFN. BMO Capital Markets reduced their price target on shares of Element Fleet Management from C$15.00 to C$12.00 in a research report on Wednesday, April 15th. Royal Bank of Canada reduced their price target on shares of Element Fleet Management from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Thursday, April 9th. CIBC reduced their price target on shares of Element Fleet Management from C$13.00 to C$12.00 in a research report on Tuesday, May 12th. TD Securities cut shares of Element Fleet Management from a buy rating to a hold rating and reduced their price target for the stock from C$15.00 to C$11.00 in a research report on Sunday, April 19th. Finally, Raymond James set a C$11.50 price target on shares of Element Fleet Management and gave the stock an outperform rating in a research report on Tuesday, June 2nd. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of C$12.63.

Shares of Element Fleet Management stock opened at C$11.24 on Wednesday. The business has a 50-day moving average of C$9.92 and a 200-day moving average of C$10.51. The company has a debt-to-equity ratio of 337.76, a current ratio of 8.47 and a quick ratio of 8.12. The company has a market capitalization of $4.92 billion and a PE ratio of 93.67. Element Fleet Management has a 1-year low of C$6.96 and a 1-year high of C$13.47.

Element Fleet Management (TSE:EFN) last announced its earnings results on Monday, May 11th. The financial services provider reported C$0.22 earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.01). The firm had revenue of C$247.24 million during the quarter, compared to the consensus estimate of C$248.00 million. On average, equities analysts expect that Element Fleet Management will post 0.943002 earnings per share for the current fiscal year.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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