National Bank Financial Estimates TSE:EFN FY2024 Earnings

Element Fleet Management Corp. (TSE:EFN) – Research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Element Fleet Management in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will post earnings of $1.48 per share for the year, down from their prior forecast of $1.56. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share.

Several other equities research analysts also recently issued reports on EFN. CIBC boosted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. TD Securities increased their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Scotiabank lowered their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. Finally, Raymond James raised their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Element Fleet Management presently has an average rating of “Moderate Buy” and an average target price of C$33.63.

Element Fleet Management Price Performance

TSE:EFN opened at C$28.05 on Wednesday. Element Fleet Management has a 52 week low of C$21.20 and a 52 week high of C$30.49. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The company has a market capitalization of C$11.32 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.97 and a beta of 0.91. The stock’s fifty day moving average is C$29.06 and its two-hundred day moving average is C$28.30.

Insider Buying and Selling

In related news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of Element Fleet Management stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total value of C$142,480.00. Also, Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of C$28.78 per share, with a total value of C$71,950.00. Over the last 90 days, insiders bought 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. 0.26% of the stock is owned by insiders.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.