Element Fleet Management Corp. (TSE:EFN) Stock Has Average Target Price of C$40.71 According to Brokerages

Shares of Element Fleet Management Corp. (TSE:EFN) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$40.71.

Separately, Raymond James Financial decreased their price objective on Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th.

Element Fleet Management Price Performance

Element Fleet Management stock opened at C$21.45 on Tuesday. The company has a market cap of C$8.39 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. Element Fleet Management has a 1-year low of C$21.20 and a 1-year high of C$38.26. The company has a fifty day simple moving average of C$25.72 and a 200 day simple moving average of C$28.26. The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. The firm had revenue of C$451.94 million for the quarter. Research analysts anticipate that Element Fleet Management will post 1.69 earnings per share for the current fiscal year.

Insider Activity

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the transaction, the insider directly owned 64,897 shares in the company, valued at C$1,704,195.22. This trade represents a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo purchased 2,343 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the purchase, the insider owned 3,844 shares of the company’s stock, valued at approximately C$95,139. This represents a 156.10% increase in their ownership of the stock. Corporate insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.