Element Fleet Management (TSE:EFN) Price Target Raised to C$41.00 at Raymond James Financial

Element Fleet Management (TSE:EFN) had its target price upped by analysts at Raymond James Financial from C$40.00 to C$41.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential upside of 14.46% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. TD Securities upped their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Royal Bank Of Canada upped their price target on shares of Element Fleet Management from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group lifted their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 in a research note on Thursday, October 30th. Scotiabank upped their target price on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, BMO Capital Markets boosted their price target on Element Fleet Management from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$42.00.

Element Fleet Management Price Performance

TSE:EFN traded down C$1.99 during trading hours on Thursday, reaching C$35.82. 842,049 shares of the company were exchanged, compared to its average volume of 605,935. The business has a 50 day moving average of C$36.97 and a 200 day moving average of C$35.16. Element Fleet Management has a 1-year low of C$25.00 and a 1-year high of C$38.26. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The company has a market capitalization of C$14.38 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.97 and a beta of 0.41.

Insiders Place Their Bets

In related news, insider Heath Leslie Valkenburg bought 813 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was acquired at an average cost of C$36.90 per share, with a total value of C$29,999.70. Following the transaction, the insider directly owned 4,153 shares in the company, valued at approximately C$153,245.70. This trade represents a 24.34% increase in their ownership of the stock. 0.26% of the stock is owned by insiders.

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.