Analysts Set Element Fleet Management Corp (TSE:EFN) Price Target at $11.50

Element Fleet Management Corp (TSE:EFN) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$11.50.

A number of research firms recently commented on EFN. BMO Capital Markets upped their price target on shares of Element Fleet Management from C$10.00 to C$12.00 in a report on Thursday, May 9th. Raymond James reiterated a “strong-buy” rating and set a C$10.50 price target on shares of Element Fleet Management in a report on Monday, April 8th. TD Securities upped their price target on shares of Element Fleet Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Thursday, May 9th. National Bank Financial set a C$10.00 price target on shares of Element Fleet Management and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada upped their price target on shares of Element Fleet Management from C$10.00 to C$12.00 and gave the company a “top pick” rating in a report on Wednesday, May 8th.

Shares of Element Fleet Management stock traded down C$0.04 during trading on Friday, reaching C$9.75. The company’s stock had a trading volume of 228,752 shares, compared to its average volume of 957,834. Element Fleet Management has a 52-week low of C$5.71 and a 52-week high of C$10.32. The stock has a market capitalization of $4.26 billion and a price-to-earnings ratio of -21.38. The company has a debt-to-equity ratio of 347.86, a quick ratio of 11.77 and a current ratio of 12.29.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.18 by C$0.02. The business had revenue of C$242.23 million during the quarter, compared to analysts’ expectations of C$231.00 million. On average, equities research analysts forecast that Element Fleet Management will post 1.01 earnings per share for the current fiscal year.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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