National Bankshares Issues Positive Forecast for Element Fleet Management (TSE:EFN) Stock Price

Key Points

• National Bankshares has increased the price target for Element Fleet Management to C$47.00, indicating a potential upside of 30.16% from the previous close.
• Multiple analysts have varied opinions on the stock, with price target adjustments ranging from C$30.00 to C$47.00 and a consensus rating of "Moderate Buy".
• Element Fleet Management's share price was C$36.11 at last trade, with a 52-week range of C$25.00 to C$37.00.

Element Fleet Management (TSE:EFN - Get Free Report) had its price target boosted by stock analysts at National Bankshares from C$46.00 to C$47.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares' price objective indicates a potential upside of 27.82% from the stock's previous close.

EFN has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised shares of Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Jefferies Financial Group lowered their target price on Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. 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. 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 report on Wednesday, June 18th. Finally, Scotiabank upped their price objective on shares of Element Fleet Management from C$33.00 to C$40.00 in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Element Fleet Management currently has a consensus rating of "Moderate Buy" and an average target price of C$40.00.

Element Fleet Management Stock Performance

EFN traded up C$0.37 during trading on Thursday, hitting C$36.77. 579,796 shares of the company traded hands, compared to its average volume of 599,760. Element Fleet Management has a one year low of C$25.00 and a one year high of C$37.00. The stock's fifty day moving average is C$34.43 and its 200 day moving average is C$31.25. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The firm has a market cap of C$10.54 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Insiders Place Their Bets

In other news, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of the stock in a transaction dated Tuesday, May 13th. The shares were 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.

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.