National Bankshares Increases Element Fleet Management (TSE:EFN) Price Target to C$39.00

Element Fleet Management (TSE:EFN) had its price objective upped by stock analysts at National Bankshares from C$37.00 to C$39.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 43.86% from the stock’s previous close.

A number of other brokerages also recently issued reports on EFN. Royal Bank of Canada increased their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. TD Securities increased their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group upped their target price on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. BMO Capital Markets boosted their price target on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Finally, Scotiabank lowered their price target on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Element Fleet Management has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Price Performance

Shares of TSE:EFN opened at C$27.11 on Thursday. Element Fleet Management has a one year low of C$20.62 and a one year high of C$30.04. The stock has a market capitalization of C$10.94 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. The company has a 50-day simple moving average of C$28.66 and a 200-day simple moving average of C$26.26. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.03. The business had revenue of C$375.68 million for the quarter, compared to analyst estimates of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. On average, analysts predict that Element Fleet Management will post 1.6884016 EPS for the current year.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of C$27.67 per share, with a total value of C$498,074.40. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.