Scotiabank Issues Pessimistic Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its price target reduced by Scotiabank from C$33.00 to C$32.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 18.04% from the company’s previous close.

A number of other research analysts have also commented on EFN. CIBC boosted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Royal Bank of Canada boosted 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 report on Wednesday, August 14th. BMO Capital Markets raised their price target on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. TD Securities boosted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday. Finally, National Bankshares raised their target price on shares of Element Fleet Management from C$34.00 to C$37.00 in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$33.50.

Element Fleet Management Stock Up 0.1 %

EFN stock opened at C$27.11 on Thursday. The stock has a 50-day simple moving average of C$28.66 and a two-hundred day simple moving average of C$26.26. Element Fleet Management has a twelve month low of C$20.62 and a twelve month high of C$30.04. The firm has a market capitalization of C$10.94 billion, a PE ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14.

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

Insider Activity

In related news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by corporate insiders.

About Element Fleet Management

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.