Royal Bank Of Canada Analysts Give Element Fleet Management (TSE:EFN) a C$47.00 Price Target

Royal Bank Of Canada set a C$47.00 price target on Element Fleet Management (TSE:EFN) in a research report report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also commented on EFN. Jefferies Financial Group increased their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 in a report on Thursday, October 30th. Raymond James Financial increased their price target on shares of Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th. National Bankshares boosted their price objective on shares of Element Fleet Management from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Scotiabank upped their price objective on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$42.00.

Element Fleet Management Trading Down 1.0%

EFN stock opened at C$34.02 on Monday. The business has a fifty day moving average price of C$35.77 and a 200 day moving average price of C$36.35. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a fifty-two week low of C$25.00 and a fifty-two week high of C$38.26. The stock has a market capitalization of C$13.61 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 2.97 and a beta of 0.33.

Element Fleet Management (TSE:EFN) last announced its earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 EPS for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%.The company had revenue of C$306.39 million for the quarter. Analysts expect that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

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. 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.