Raymond James Issues Positive Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its price objective hoisted by Raymond James from C$34.00 to C$36.00 in a research report released on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.40 EPS, Q1 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.45 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS and Q4 2026 earnings at $0.50 EPS.

A number of other equities analysts have also issued reports on the stock. CIBC increased their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. National Bankshares decreased their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Thursday. Scotiabank decreased their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their target price for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. Finally, TD Securities increased their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$34.00.

Element Fleet Management Stock Performance

Shares of EFN opened at C$28.94 on Friday. The firm has a 50-day moving average price of C$28.82 and a 200 day moving average price of C$28.60. The firm has a market capitalization of C$8.29 billion, a PE ratio of 24.02, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 52-week low of C$21.20 and a 52-week high of C$30.49.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 2,500 shares of Element Fleet Management stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of C$28.78 per share, with a total value of C$71,950.00. Over the last ninety days, insiders bought 15,550 shares of company stock valued at $445,872. 0.26% of the stock is currently owned by corporate insiders.

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.