Element Fleet Management (TSE:EFN) had its price target hoisted by Raymond James from C$11.50 to C$12.25 in a report released on Wednesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the financial services provider’s stock.
Other analysts have also recently issued reports about the stock. TD Securities raised shares of Element Fleet Management from a hold rating to a buy rating and increased their price target for the company from C$11.00 to C$12.00 in a research note on Wednesday. Cormark raised shares of Element Fleet Management from a market perform rating to a buy rating in a research note on Tuesday, April 7th. CIBC decreased their price target on shares of Element Fleet Management from C$13.00 to C$12.00 in a research note on Tuesday, May 12th. BMO Capital Markets decreased their price target on shares of Element Fleet Management from C$15.00 to C$12.00 in a research note on Wednesday, April 15th. Finally, Royal Bank of Canada increased their price target on shares of Element Fleet Management from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Wednesday. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of C$12.63.
TSE EFN opened at C$11.24 on Wednesday. The firm has a market cap of $4.92 billion and a price-to-earnings ratio of 93.67. The company has a 50 day moving average of C$9.92 and a 200-day moving average of C$10.51. The company has a current ratio of 8.47, a quick ratio of 8.12 and a debt-to-equity ratio of 337.76. Element Fleet Management has a 1-year low of C$6.96 and a 1-year high of C$13.47.
Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported C$0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.01). The firm had revenue of C$247.24 million for the quarter, compared to the consensus estimate of C$248.00 million. On average, analysts forecast that Element Fleet Management will post 0.943002 earnings per share for the current year.
Element Fleet Management Company Profile
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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