Element Fleet Management (TSE:EFN) Price Target Raised to C$34.00 at CIBC

Element Fleet Management (TSE:EFN) had its price target lifted by CIBC from C$33.00 to C$34.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

EFN has been the subject of several other research reports. 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 research report on Thursday, November 14th. National Bankshares boosted their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Scotiabank cut their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Finally, Raymond James boosted their price target on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Element Fleet Management has a consensus rating of “Moderate Buy” and a consensus target price of C$33.63.

Element Fleet Management Price Performance

TSE EFN opened at C$29.30 on Thursday. Element Fleet Management has a twelve month low of C$21.20 and a twelve month high of C$30.49. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The stock has a market capitalization of C$11.83 billion, a PE ratio of 22.89, a P/E/G ratio of 2.97 and a beta of 0.91. The stock has a 50-day simple moving average of C$29.13 and a 200 day simple moving average of C$28.19.

Insider Activity

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of C$28.78 per share, for a total transaction of C$71,950.00. Also, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total value of C$1,009,920.00. In the last ninety days, insiders have purchased 19,625 shares of company stock worth $562,999 and have sold 38,948 shares worth $1,154,902. Corporate insiders own 0.26% of the company’s stock.

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.