Element Fleet Management (TSE:EFN) Issues Earnings Results

Element Fleet Management (TSE:EFN) posted its quarterly earnings data on Tuesday. The financial services provider reported C$0.45 EPS for the quarter, FiscalAI reports. The firm had revenue of C$430.19 million for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%.

Element Fleet Management Price Performance

Shares of EFN stock traded up C$0.16 on Tuesday, reaching C$34.46. The company had a trading volume of 1,525,742 shares, compared to its average volume of 780,712. The business’s 50-day moving average is C$35.13 and its 200 day moving average is C$36.18. Element Fleet Management has a one year low of C$25.76 and a one year high of C$38.26. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The stock has a market capitalization of C$13.78 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31.

Analysts Set New Price Targets

Several research firms have recently issued reports on EFN. National Bank Financial increased their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a C$47.00 price objective on shares of Element Fleet Management and gave the stock an “outperform” rating in a research note on Monday, January 26th. Raymond James Financial boosted their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Finally, Jefferies Financial Group raised shares of Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$43.43.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.