Analysts have been quite happy with Element Fleet Management (EFN) stock lately, with several positive ratings in a row that it received in the past month alone. TD Securities’ analyst Mario Mendonca reiterates their Buy rating on the shares today.
According to TipRanks.com, Mendonca is a 3-star analyst with an average return of 1.2% and a 50.4% success rate. Mendonca covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Royal Bank Of Canada.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Fleet Management with a C$9.75 average price target.
Element Fleet Management’s market cap is currently C$3.16B and has a P/E ratio of 25.9. The company has a Price to Book ratio of 1.
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$7.66.
