Element Fleet Management (TSE:EFN) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Element Fleet Management (TSE:EFN) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat Ratings reports.

EFN has been the topic of a number of other reports. Raymond James Financial boosted their price objective on Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. National Bank Financial lifted their price target on shares of Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada set a C$47.00 price target on shares of Element Fleet Management and gave the company an “outperform” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$43.29.

Element Fleet Management Stock Down 3.9%

Shares of EFN opened at C$33.10 on Monday. 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 company has a 50-day simple moving average of C$35.06 and a 200-day simple moving average of C$36.15. Element Fleet Management has a 52 week low of C$25.76 and a 52 week high of C$38.26. The firm has a market capitalization of C$13.24 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.97 and a beta of 0.31.

Element Fleet Management (TSE:EFN) last released its earnings results on Tuesday, February 24th. The financial services provider reported C$0.45 earnings per share for the quarter. The business had revenue of C$430.19 million for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%. On average, equities research analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current year.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.