National Bankshares Lowers Element Fleet Management (TSE:EFN) Price Target to C$40.00

Element Fleet Management (TSE:EFN) had its target price reduced by National Bankshares from C$41.00 to C$40.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on EFN. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their target price for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. CIBC increased their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Raymond James boosted their target price on Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. Scotiabank cut their target price on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Finally, TD Securities raised their price target on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Element Fleet Management has an average rating of “Moderate Buy” and an average target price of C$33.75.

Element Fleet Management Stock Performance

TSE:EFN opened at C$28.72 on Thursday. The firm has a market capitalization of C$8.23 billion, a PE ratio of 23.83, a PEG ratio of 2.97 and a beta of 0.91. The stock’s fifty day moving average is C$28.82 and its 200 day moving average is C$28.57. Element Fleet Management has a fifty-two week low of C$21.20 and a fifty-two week high of C$30.49. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Also, Senior Officer Heath Leslie Valkenburg purchased 2,550 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of C$28.46 per share, with a total value of C$72,571.98. Insiders bought a total of 15,550 shares of company stock valued at $445,872 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

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.