Today, an analyst has provided a rating update for Element Fleet Management (EFN). The company received a Buy rating from Raymond James’ analyst Brenna Phelan, with a C$10.50 price target.
Phelan has an average return of 27.6% when recommending Element Fleet Management.
According to TipRanks.com, Phelan is ranked #503 out of 5174 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Fleet Management with a C$10 average price target, implying a 19.5% upside from current levels. In a report issued on March 28, National Bank also maintained a Buy rating on the stock with a C$10 price target.
.
Based on Element Fleet Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$41.15 million. In comparison, last year the company had a net profit of C$21.76 million.
Element Fleet Management Corp. engages in the provision of services and financing solutions for commercial vehicle fleets. It operates through the Fleet Management and Non-Core segments. The Fleet Management segment offers core fleet management services. The Non-Core segment includes outsourced servicers that do not form part of the core fleet portfolio.
The company’s shares closed on Monday at C$8.37, close to its 52-week high of C$8.77.
