Element Fleet Management Corp. (TSE:EFN) Stock Now Rated “Buy” by Sell-Side Brokerages

Element Fleet Management Corp. (TSE:EFN) has received an average rating of “Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$40.71.

Separately, Raymond James Financial dropped their price target on shares of Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the transaction, the insider directly owned 64,897 shares in the company, valued at C$1,704,195.22. This represents a 58.33% decrease in their position. Also, insider Jose Manuel Tamayo acquired 2,343 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the purchase, the insider directly owned 3,844 shares in the company, valued at approximately C$95,139. This represents a 156.10% increase in their ownership of the stock. Corporate insiders own 0.26% of the company’s stock.

Element Fleet Management Stock Performance

TSE EFN traded down C$0.24 during trading hours on Tuesday, hitting C$22.08. 841,093 shares of the company’s stock traded hands, compared to its average volume of 1,061,283. The business’s fifty day moving average price is C$26.73 and its two-hundred day moving average price is C$28.58. The firm has a market capitalization of C$8.64 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.97 and a beta of 0.60. Element Fleet Management has a 52 week low of C$21.80 and a 52 week high of C$38.26. The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. The firm had revenue of C$451.94 million during the quarter. Equities research analysts predict that Element Fleet Management will post 1.6884016 EPS for the current year.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.