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 target price hoisted by analysts at National Bankshares from C$40.00 to C$46.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the financial services provider's stock. National Bankshares' price target suggests a potential upside of 27.81% from the stock's current price.

A number of other equities research analysts have also recently weighed in on EFN. Scotiabank increased their price target on Element Fleet Management from C$33.00 to C$40.00 in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upgraded Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th. Royal Bank Of Canada upgraded Element Fleet Management to a "moderate buy" rating and set a C$43.00 price target on the stock in a research note on Wednesday, June 18th. Jefferies Financial Group dropped their price target on Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. Finally, BMO Capital Markets increased their price target on Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. 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, Element Fleet Management presently has an average rating of "Moderate Buy" and a consensus target price of C$38.13.

Element Fleet Management Stock Down 0.1%

Shares of TSE EFN traded down C$0.05 during trading hours on Tuesday, hitting C$35.99. The company had a trading volume of 442,590 shares, compared to its average volume of 593,699. The stock has a market capitalization of C$10.32 billion, a P/E ratio of 29.87, 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. Element Fleet Management has a 1-year low of C$24.85 and a 1-year high of C$36.73. The firm's 50 day moving average is C$34.04 and its 200-day moving average is C$30.97.

Insiders Place Their Bets

In other news, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of C$31.58 per share, for a total transaction of C$135,781.10. 0.26% of the stock is owned by insiders.

About Element Fleet Management

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.