Element Fleet Management (TSE:EFN) Price Target Raised to C$46.00

Key Points

• National Bankshares has raised the price target for Element Fleet Management from C$40.00 to C$46.00, suggesting a potential upside of 27.14% from the current stock price.
• The company’s stock price increased by 0.8% on Tuesday, reaching C$36.18, with a market capitalization of C$10.37 billion.
• Analysis shows that Element Fleet Management has received a mix of ratings, with two analysts recommending a hold, three a buy, and one a strong buy, yielding an average rating of "Moderate Buy".

Element Fleet Management (TSE:EFN - Get Free Report) had its price target hoisted by research analysts at National Bankshares from C$40.00 to C$46.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the financial services provider's stock. National Bankshares' target price would suggest a potential upside of 27.14% from the stock's current price.

Other analysts have also issued reports about the company. Jefferies Financial Group cut their price target on Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. Keefe, Bruyette & Woods raised Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th. Scotiabank lifted their price objective on Element Fleet Management from C$33.00 to C$40.00 in a research note on Wednesday, July 23rd. BMO Capital Markets lifted their price objective on Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada upgraded Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price on the stock in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Element Fleet Management currently has an average rating of "Moderate Buy" and an average price target of C$37.13.

Element Fleet Management Stock Up 0.8%

Shares of Element Fleet Management stock traded up C$0.29 on Tuesday, reaching C$36.18. 388,247 shares of the company were exchanged, compared to its average volume of 592,237. Element Fleet Management has a one year low of C$24.85 and a one year high of C$36.73. The company has a 50-day moving average of C$33.78 and a 200 day moving average of C$30.79. 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 company has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 2.97 and a beta of 0.91.

Insider Activity

In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of Element Fleet Management stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of C$31.58 per share, with a total value of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of Element Fleet Management stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total value of C$314,777.10. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.