Element Fleet Management (EFN) Receives a Buy from RBC Capital


Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Geoffrey Kwan from RBC Capital rated Element Fleet Management (TSX: EFN) a Buy, setting a C$10 price target.

Kwan has an average return of 10.7% when recommending Element Fleet Management.

According to TipRanks.com, Kwan is ranked #1890 out of 4886 analysts.

Element Fleet Management has an analyst consensus of Strong Buy, with a price target consensus of C$9.81, implying a 18.9% upside from current levels. In a report issued on October 12, TD Securities also upgraded the stock to Buy with a C$10 price target.

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Element Fleet Management’s market cap is currently C$3.14B and has a P/E ratio of 25.8. The company has a Price to Book ratio of 1.00.

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 Friday at C$8.25.

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