Raymond James Issues Positive Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its price objective boosted by Raymond James from C$34.00 to C$36.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.40 EPS, Q1 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.45 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS and Q4 2026 earnings at $0.50 EPS.

Other research analysts have also recently issued reports about the stock. Scotiabank reduced their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. TD Securities boosted their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. National Bankshares reduced their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Thursday. CIBC upped their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and cut their price target for the company from C$32.00 to C$30.00 in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Element Fleet Management presently has a consensus rating of “Buy” and an average price target of C$34.00.

Element Fleet Management Trading Up 0.8 %

TSE EFN opened at C$28.94 on Friday. The company’s fifty day simple moving average is C$28.82 and its 200-day simple moving average is C$28.60. Element Fleet Management has a 52 week low of C$21.20 and a 52 week high of C$30.49. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The stock has a market cap of C$8.29 billion, a P/E ratio of 24.02, a PEG ratio of 2.97 and a beta of 0.91.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 10,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of C$28.70 per share, with a total value of C$301,350.00. Also, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Over the last three months, insiders have acquired 15,550 shares of company stock valued at $445,872. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

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.