Element Fleet Management (TSE:EFN) Given New C$34.00 Price Target at CIBC

Element Fleet Management (TSE:EFN) had its target price increased by CIBC from C$33.00 to C$34.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other analysts also recently commented on the company. Raymond James boosted their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. National Bankshares boosted their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Jefferies Financial Group downgraded Element Fleet Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. Scotiabank dropped their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Finally, TD Securities lifted their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$33.63.

Element Fleet Management Stock Up 1.5 %

EFN opened at C$29.30 on Thursday. Element Fleet Management has a one year low of C$21.20 and a one year 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 stock’s fifty day moving average is C$29.13 and its 200-day moving average is C$28.19. The company has a market capitalization of C$11.83 billion, a PE ratio of 22.89, a P/E/G ratio of 2.97 and a beta of 0.91.

Insider Activity

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$27.40, for a total value of C$142,480.00. Also, Senior Officer James Halliday sold 33,664 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$30.00, for a total value of C$1,009,920.00. Over the last quarter, insiders have acquired 19,625 shares of company stock worth $562,999 and have sold 38,948 shares worth $1,154,902. 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.