Element Fleet Management (TSE:EFN) Price Target Cut to C$13.50

Element Fleet Management (TSE:EFNGet Rating) had its price target decreased by BMO Capital Markets from C$14.50 to C$13.50 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other equities analysts have also recently commented on the company. Raymond James raised their target price on Element Fleet Management from C$13.25 to C$14.00 and gave the stock a market perform rating in a report on Tuesday. Royal Bank of Canada increased their price target on Element Fleet Management from C$17.00 to C$18.00 and gave the stock an outperform rating in a research note on Wednesday, March 2nd. Finally, TD Securities cut their price target on Element Fleet Management from C$13.50 to C$12.50 and set a hold rating for the company in a research note on Thursday, April 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$16.15.

Shares of Element Fleet Management stock opened at C$13.03 on Tuesday. Element Fleet Management has a one year low of C$10.99 and a one year high of C$15.12. The stock’s fifty day moving average is C$11.93 and its 200 day moving average is C$12.58. The stock has a market cap of C$5.19 billion and a P/E ratio of 17.35. The company has a debt-to-equity ratio of 240.50, a quick ratio of 6.57 and a current ratio of 6.91.

Element Fleet Management (TSE:EFNGet Rating) last announced its earnings results on Tuesday, March 1st. The financial services provider reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.02. The company had revenue of C$245.48 million during the quarter, compared to the consensus estimate of C$237.00 million. Analysts predict that Element Fleet Management will post 1.03 EPS for the current year.

In other news, Senior Officer James Halliday sold 41,667 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of C$12.65, for a total transaction of C$527,087.55. Following the completion of the transaction, the insider now owns 85,001 shares in the company, valued at C$1,075,262.65.

Element Fleet Management Company Profile (Get Rating)

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

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