Element Fleet Management (TSE:EFN) had its price target increased by equities researchers at Royal Bank of Canada from C$10.00 to C$12.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “top pick” rating on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 26.05% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. CIBC raised their price target on Element Fleet Management from C$10.00 to C$12.00 in a report on Wednesday. National Bank Financial raised their price target on Element Fleet Management from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Raymond James raised their price target on Element Fleet Management from C$10.50 to C$11.50 and gave the stock a “strong-buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$10.50.
Shares of TSE EFN opened at C$9.52 on Wednesday. The company has a debt-to-equity ratio of 358.11, a current ratio of 12.73 and a quick ratio of 12.27. The stock has a market capitalization of $4.10 billion and a price-to-earnings ratio of -15.33. Element Fleet Management has a fifty-two week low of C$4.62 and a fifty-two week high of C$10.32.
Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Wednesday, March 6th. The financial services provider reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.01). The business had revenue of C$221.48 million during the quarter, compared to analyst estimates of C$214.00 million. On average, equities analysts anticipate that Element Fleet Management will post 0.899999924910614 earnings per share for the current 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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