Element Fleet Management Corp. (TSE:EFN) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analyst consensus: Eight brokers give Element Fleet an average rating of "Buy" (six buys, one strong buy, one hold) with an average 12‑month price target of C$43.29; recent notes include Jefferies upgrading to buy and National Bank Financial raising its target to C$50.
• Shares opened at C$30.81 and trade in a 12‑month range of C$25.76–C$38.26, with a market cap of C$12.26 billion and a P/E of 44.65, implying material upside to analyst targets.
• Latest quarter: EPS of C$0.45 and revenue of C$430.19M, with ROE 8.48% and net margin 10.11%; the company shows strong liquidity (current ratio 4.05, quick ratio 5.70) but a very high debt‑to‑equity ratio (363.75).

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have earned an average rating of "Buy" from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$43.29.

Several research analysts have recently weighed in on the company. TD Securities cut their price target on Element Fleet Management from C$42.00 to C$41.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada set a C$47.00 price objective on shares of Element Fleet Management and gave the company an "outperform" rating in a report on Monday, January 26th. Jefferies Financial Group upgraded shares of Element Fleet Management from a "hold" rating to a "buy" rating in a research report on Monday, February 23rd. Finally, National Bank Financial lifted their target price on shares of Element Fleet Management from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th.

Element Fleet Management Price Performance

Element Fleet Management stock opened at C$30.81 on Monday. The business's 50 day simple moving average is C$34.03 and its 200 day simple moving average is C$35.73. Element Fleet Management has a 12 month low of C$25.76 and a 12 month high of C$38.26. The company has a market cap of C$12.26 billion, a price-to-earnings ratio of 44.65, a PEG ratio of 2.97 and a beta of 0.23. The company has a current ratio of 4.05, a quick ratio of 5.70 and a debt-to-equity ratio of 363.75.

Element Fleet Management (TSE:EFN - Get Free Report) last released its earnings results on Tuesday, February 24th. The financial services provider reported C$0.45 earnings per share (EPS) for the quarter. Element Fleet Management had a return on equity of 8.48% and a net margin of 10.11%.The business had revenue of C$430.19 million during the quarter. Sell-side analysts forecast that Element Fleet Management will post 1.6884016 EPS for the current year.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company's suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.

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