Analysts have been quite happy with Element Fleet Management (EFN) stock lately, as another research firm gave the stock a Buy rating yesterday. Analyst John Aiken from Barclays reiterated a Buy rating, with a C$10 price target.
According to TipRanks.com, Aiken has 0 stars on 0-5 star ranking scale with an average return of -2.4% and a 38.1% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Fleet Management with a C$9.88 average price target, representing a 29.3% upside. In a report released yesterday, TD Securities also maintained a Buy rating on the stock with a C$9.50 price target.
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Element Fleet Management’s market cap is currently C$2.91B and has a P/E ratio of 23.9. The company has a Price to Book ratio of 0.92.
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 Tuesday at C$7.64.