Element Fleet Management Corp. (TSE:EFN) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Element Fleet Management Corp. has received an average rating of "Moderate Buy" from eight analysts, with two holding, five buying, and one assigning a strong buy rating.
• The average 1-year price target for EFN from brokerages is C$40.00, with price targets ranging from C$33.00 to C$47.00 per share.
• Insider Heath Leslie Valkenburg increased his stake in the company by acquiring 813 shares at C$36.90 per share, representing a 24.34% increase in his position.

Element Fleet Management Corp. (TSE:EFN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$40.00.

EFN has been the subject of a number of research reports. TD Securities lifted their price target on Element Fleet Management from C$41.00 to C$42.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Scotiabank lifted their price target on Element Fleet Management from C$33.00 to C$40.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on Element Fleet Management from C$43.00 to C$47.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Raymond James Financial lifted their price target on Element Fleet Management from C$36.00 to C$40.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets lifted their price target on Element Fleet Management from C$35.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th.

Element Fleet Management Stock Performance

Shares of EFN opened at C$36.98 on Friday. The stock has a 50-day moving average of C$36.75 and a two-hundred day moving average of C$34.03. Element Fleet Management has a one year low of C$25.00 and a one year high of C$38.15. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The stock has a market cap of C$14.85 billion, a P/E ratio of 36.98, a P/E/G ratio of 2.97 and a beta of 0.49.

Insider Activity

In related news, insider Heath Leslie Valkenburg acquired 813 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was acquired at an average price of C$36.90 per share, with a total value of C$29,999.70. Following the acquisition, the insider directly owned 4,153 shares in the company, valued at C$153,245.70. This represents a 24.34% increase in their position. 0.26% of the stock is currently owned by company insiders.

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.

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