Element Fleet Management (TSE:EFN) Upgraded at Royal Bank Of Canada

Element Fleet Management (TSE:EFN - Get Free Report) was upgraded by Royal Bank Of Canada to a "moderate buy" rating in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a C$43.00 price objective on the financial services provider's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 29.52% from the stock's current price.

EFN has been the topic of a number of other reports. Jefferies Financial Group decreased their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. BMO Capital Markets lifted their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Raymond James Financial lifted their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. National Bankshares cut their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Element Fleet Management currently has a consensus rating of "Moderate Buy" and a consensus price target of C$35.38.

Element Fleet Management Stock Performance

Shares of EFN traded up C$0.10 during mid-day trading on Wednesday, hitting C$33.20. 1,781,882 shares of the company's stock were exchanged, compared to its average volume of 603,021. Element Fleet Management has a 52 week low of C$23.71 and a 52 week high of C$33.37. The stock's 50-day simple moving average is C$31.69 and its 200-day simple moving average is C$29.72. The firm has a market cap of C$9.52 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Insider Buying and Selling

In other news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of C$31.58 per share, for a total transaction of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total transaction of C$314,777.10. 0.26% of the stock is owned by 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.