Element Fleet Management (TSE:EFN) PT Raised to C$30.00 at CIBC

Element Fleet Management (TSE:EFN) had its target price hoisted by research analysts at CIBC from C$28.00 to C$30.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. CIBC’s target price suggests a potential upside of 12.82% from the company’s current price.

A number of other analysts have also weighed in on EFN. BMO Capital Markets upped their target price on Element Fleet Management from C$26.00 to C$28.00 in a report on Thursday, May 16th. TD Securities upped their target price on Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Scotiabank upped their target price on Element Fleet Management from C$27.00 to C$28.00 in a report on Wednesday, July 24th. Finally, National Bankshares increased their price objective on Element Fleet Management from C$31.00 to C$33.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.13.

Element Fleet Management Trading Up 0.1 %

TSE:EFN traded up C$0.03 during midday trading on Monday, hitting C$26.59. The stock had a trading volume of 98,416 shares, compared to its average volume of 554,096. Element Fleet Management has a one year low of C$18.50 and a one year high of C$26.92. The company has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.97 and a beta of 0.83. The stock has a 50-day moving average of C$24.96 and a 200 day moving average of C$23.27. The company has a quick ratio of 5.70, a current ratio of 8.32 and a debt-to-equity ratio of 315.13.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Tuesday, May 14th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.31 by C$0.05. Element Fleet Management had a return on equity of 12.40% and a net margin of 23.30%. The company had revenue of C$353.83 million for the quarter, compared to analysts’ expectations of C$333.85 million. As a group, sell-side analysts forecast that Element Fleet Management will post 1.5226286 EPS for the current year.

Insider Buying and Selling

In other Element Fleet Management news, Director George Keith Graham sold 25,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total transaction of C$617,500.00. In other Element Fleet Management news, Director George Keith Graham sold 25,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total transaction of C$617,500.00. Also, Senior Officer William Sutherland bought 4,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of C$24.90 per share, for a total transaction of C$99,594.00. In the last 90 days, insiders bought 5,550 shares of company stock worth $132,034 and sold 68,974 shares worth $1,716,749. 0.23% of the stock is currently owned by company insiders.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.