Element Fleet Management (EFN) Gets a Buy Rating from RBC Capital


Element Fleet Management (TSX: EFN), the Financial sector company, has received a rating update from a Wall Street analyst today. Analyst Geoffrey Kwan from RBC Capital remains bullish on the stock and has a C$10 price target.

Kwan has an average return of 12.8% when recommending Element Fleet Management.

According to TipRanks.com, Kwan is ranked #1781 out of 4897 analysts.

Element Fleet Management has an analyst consensus of Moderate Buy, with a price target consensus of C$9.17, an 11.2% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$10.50 price target.

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Element Fleet Management’s market cap is currently C$3.01B and has a P/E ratio of 24.7. The company has a Price to Book ratio of 0.96.

Element Fleet Management Corp. engages in the provision of financial services. It operates through the following segments: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance. The Commercial and Vendor Finance segment is its vertical servicing the mid-ticket finance segment of the equipment finance industry.

The company’s shares closed on Thursday at C$8.25.

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