Element Fleet Management Corp (TSE:EFN) – Stock analysts at Raymond James increased their Q1 2020 earnings estimates for Element Fleet Management in a research note issued to investors on Thursday, November 7th, Zacks Investment Research reports. Raymond James analyst B. Phelan now anticipates that the financial services provider will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.23. Raymond James has a “Strong-Buy” rating and a $14.50 price target on the stock. Raymond James also issued estimates for Element Fleet Management’s Q3 2020 earnings at $0.26 EPS.
Other research analysts have also recently issued research reports about the company. CIBC upped their price target on Element Fleet Management from C$12.00 to C$15.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price target on Element Fleet Management from C$14.00 to C$15.00 and gave the company a “top pick” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on Element Fleet Management from C$12.00 to C$13.00 in a research report on Friday, November 8th. National Bank Financial upped their price target on Element Fleet Management from C$12.00 to C$15.00 in a research report on Thursday, November 7th. Finally, TD Securities upped their price target on Element Fleet Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.
Shares of TSE EFN opened at C$11.65 on Monday. Element Fleet Management has a one year low of C$6.03 and a one year high of C$11.97. The company has a debt-to-equity ratio of 326.53, a current ratio of 9.08 and a quick ratio of 8.75. The business’s fifty day moving average price is C$11.18 and its 200-day moving average price is C$10.42. The stock has a market capitalization of $5.09 billion and a PE ratio of 23.97.
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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