Element Fleet Management Corp. (TSE:EFN) Stock Has Average Target Price of C$40.71

Key Points

• Analysts maintain a bullish view: Seven firms rate Element Fleet Management “Buy,” with an average 12-month price target of C$40.71. Raymond James, however, cut its target from C$42.00 to C$32.00 while retaining an “outperform” rating.
• The stock declined 1.1% to C$22.08, near its one-year low of C$21.80 and below its 50-day and 200-day moving averages. Element has a market capitalization of approximately C$8.64 billion.
• Element reported quarterly earnings of C$0.48 per share on revenue of C$451.94 million, with a 12.17% net margin and 10.57% return on equity. Insider activity was mixed, with one insider buying shares while another sold 90,855 shares.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have earned an average recommendation of "Buy" from the seven research firms that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is C$40.71.

Separately, Raymond James Financial decreased their target price on shares of Element Fleet Management from C$42.00 to C$32.00 and set an "outperform" rating for the company in a research note on Tuesday.

Element Fleet Management Trading Down 1.1%

TSE EFN traded down C$0.24 during trading on Tuesday, hitting C$22.08. The company had a trading volume of 841,093 shares, compared to its average volume of 1,061,283. Element Fleet Management has a one year low of C$21.80 and a one year high of C$38.26. The company has a market cap of C$8.64 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The company's fifty day moving average is C$26.73 and its 200-day moving average is C$28.58. The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%.The business had revenue of C$451.94 million for the quarter. On average, sell-side analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jose Manuel Tamayo purchased 2,343 shares of Element Fleet Management stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average price of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the transaction, the insider directly owned 3,844 shares of the company's stock, valued at approximately C$95,139. The trade was a 156.10% increase in their ownership of the stock. Also, insider Jacob Eisenberg sold 90,855 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the transaction, the insider owned 64,897 shares of the company's stock, valued at C$1,704,195.22. This represents a 58.33% decrease in their position. Corporate insiders own 0.26% of the company's stock.

Element Fleet Management Company Profile

Element Fleet Management TSX: EFN is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.

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