Element Fleet Management (TSE:EFN) Price Target Raised to C$41.00 at TD Securities

Key Points

• TD Securities has raised the price target for Element Fleet Management from C$34.00 to C$41.00, indicating a potential upside of 13.98% from its current stock price.
• Other brokerages have also adjusted their targets, with National Bankshares setting a target of C$46.00 and Royal Bank of Canada at C$43.00, contributing to an overall average price target of C$38.13.
• The stock currently has a market capitalization of C$10.31 billion and has shown significant insider activity, with a director purchasing shares at C$31.58 each.

Element Fleet Management (TSE:EFN - Get Free Report) had its target price increased by equities researchers at TD Securities from C$34.00 to C$41.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Securities' price objective suggests a potential upside of 13.98% from the stock's current price.

Several other brokerages have also recently commented on EFN. National Bankshares raised their target price on Element Fleet Management from C$40.00 to C$46.00 and gave the stock an "outperform" rating in a research report on Tuesday. Royal Bank Of Canada upgraded shares of Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price on the stock in a research report on Wednesday, June 18th. Jefferies Financial Group dropped their price target on shares of Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. Scotiabank raised their price target on shares of Element Fleet Management from C$33.00 to C$40.00 in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets increased their price objective on Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$38.13.

Element Fleet Management Stock Performance

EFN traded down C$0.07 on Friday, hitting C$35.97. 169,798 shares of the stock traded hands, compared to its average volume of 591,824. The business has a fifty day moving average price of C$33.97 and a two-hundred day moving average price of C$30.92. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The firm has a market capitalization of C$10.31 billion, a PE ratio of 29.85, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 52 week low of C$24.85 and a 52 week high of C$36.73.

Insider Transactions at Element Fleet Management

In other news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of C$31.58 per share, with a total value of C$135,781.10. Corporate insiders own 0.26% of the company's stock.

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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