Scotiabank Boosts Element Fleet Management (TSE:EFN) Price Target to C$40.00

Element Fleet Management (TSE:EFN - Get Free Report) had its price target boosted by research analysts at Scotiabank from C$33.00 to C$40.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Scotiabank's target price indicates a potential upside of 11.23% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. BMO Capital Markets upped their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised shares of Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Finally, Royal Bank Of Canada raised shares of Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price for the company in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$36.38.

Element Fleet Management Stock Performance

Shares of EFN stock traded up C$0.12 on Wednesday, hitting C$35.96. The company's stock had a trading volume of 567,482 shares, compared to its average volume of 594,680. 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's 50 day moving average is C$33.71 and its 200-day moving average is C$30.72. Element Fleet Management has a fifty-two week low of C$24.85 and a fifty-two week high of C$36.35. The company has a market capitalization of C$10.31 billion, a PE ratio of 29.84, a PEG ratio of 2.97 and a beta of 0.91.

Insider Activity

In other news, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 dated 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.