Element Fleet Management Corp. (TSE:EFN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Element Fleet Management Corp. (TSE:EFN) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$33.50.

EFN has been the topic of a number of research analyst reports. CIBC boosted their price target on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Raymond James upped their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. TD Securities lifted their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. Finally, National Bankshares raised their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of C$28.78 per share, with a total value of C$71,950.00. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of Element Fleet Management stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of C$28.92 per share, for a total transaction of C$97,618.50. Over the last ninety days, insiders have purchased 19,625 shares of company stock valued at $562,999 and have sold 38,948 shares valued at $1,154,902. 0.26% of the stock is currently owned by insiders.

Element Fleet Management Trading Up 1.0 %

Shares of Element Fleet Management stock opened at C$28.44 on Wednesday. Element Fleet Management has a fifty-two week low of C$21.20 and a fifty-two week 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 company has a market capitalization of C$11.48 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a fifty day moving average of C$29.02 and a 200 day moving average of C$28.00.

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.