Element Fleet Management (TSE:EFN) Upgraded by TD Securities to Buy

TD Securities upgraded shares of Element Fleet Management (TSE:EFN) from a hold rating to a buy rating in a research report released on Wednesday, BayStreet.CA reports. The firm currently has C$12.00 target price on the financial services provider’s stock, up from their prior target price of C$11.00.

Other equities research analysts have also recently issued reports about the company. Scotiabank decreased their price target on Element Fleet Management from C$12.00 to C$11.50 in a research note on Tuesday, May 12th. Cormark upgraded Element Fleet Management from a market perform rating to a buy rating in a research note on Tuesday, April 7th. CIBC decreased their price target on Element Fleet Management from C$13.00 to C$12.00 in a research note on Tuesday, May 12th. National Bank Financial increased their price target on Element Fleet Management from C$12.00 to C$14.00 and gave the company an outperform rating in a research note on Wednesday. Finally, BMO Capital Markets decreased their price target on Element Fleet Management from C$15.00 to C$12.00 in a research note on Wednesday, April 15th. Five analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of C$12.63.

Shares of TSE EFN opened at C$11.24 on Wednesday. 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 stock has a market capitalization of $4.92 billion and a P/E 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. The business has a fifty day moving average price of C$9.92 and a 200 day moving average price of C$10.51.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.01). The company had revenue of C$247.24 million during the quarter, compared to analysts’ expectations of C$248.00 million. As a group, equities research analysts anticipate 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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