Element Fleet Management (TSE:EFN) Given New C$41.00 Price Target 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 lifted by stock analysts at TD Securities from C$34.00 to C$41.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Securities' price target points to a potential upside of 12.18% from the company's previous close.

A number of other analysts have also recently commented on the company. BMO Capital Markets upped their price target on Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Scotiabank upped their price objective on Element Fleet Management from C$33.00 to C$40.00 in a research note on Wednesday, July 23rd. National Bankshares raised their price target on Element Fleet Management from C$40.00 to C$46.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods raised Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th. Finally, Royal Bank Of Canada raised Element Fleet Management to a "moderate buy" rating and set a C$43.00 price objective for the company in a research note on Wednesday, June 18th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$38.13.

Element Fleet Management Stock Up 1.6%

Shares of EFN stock traded up C$0.56 during mid-day trading on Friday, hitting C$36.55. The company's stock had a trading volume of 685,653 shares, compared to its average volume of 594,122. Element Fleet Management has a 52-week low of C$24.85 and a 52-week high of C$36.79. The business has a 50-day moving average price of C$34.04 and a 200 day moving average price of C$31.01. 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$10.48 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.97 and a beta of 0.91.

Insider Buying and Selling

In related news, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of Element Fleet Management stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of C$31.58 per share, with a total value of C$135,781.10. 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.