The Financial sector company, Element Fleet Management (TSX: EFN), has received a rating update from a Wall Street analyst today. Analyst Jaeme Gloyn from National Bank rated Element Fleet Management (TSX: EFN) a Hold, setting a C$7 price target.
Currently, the analyst consensus on Element Fleet Management is a Moderate Buy with an average price target of C$8.83.
Element Fleet Management’s market cap is currently C$2.55B and has a P/E ratio of 20.9. The company has a Price to Book ratio of 0.81.
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$7.97.
