Element Fleet Management Corp (TSE:EFN) – Equities research analysts at National Bank Financial upped their Q3 2019 EPS estimates for shares of Element Fleet Management in a research report issued on Wednesday, May 8th, according to Zacks Investment Research. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will post earnings of $0.21 per share for the quarter, up from their prior estimate of $0.20. National Bank Financial has a “Outperform” rating and a $12.00 price objective on the stock. National Bank Financial also issued estimates for Element Fleet Management’s Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.80 EPS, Q1 2020 earnings at $0.23 EPS and FY2020 earnings at $1.00 EPS.
Other equities analysts have also recently issued reports about the company. CIBC raised their price objective on Element Fleet Management from C$10.00 to C$12.00 in a research note on Wednesday, May 8th. BMO Capital Markets raised their price objective on Element Fleet Management from C$10.00 to C$12.00 in a research note on Thursday, May 9th. TD Securities raised their price objective on Element Fleet Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Raymond James restated a “strong-buy” rating and set a C$10.50 price objective on shares of Element Fleet Management in a research note on Monday, April 8th. Finally, Royal Bank of Canada raised their price objective on Element Fleet Management from C$10.00 to C$12.00 and gave the stock a “top pick” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Element Fleet Management presently has a consensus rating of “Buy” and a consensus target price of C$11.00.
Element Fleet Management stock opened at C$9.95 on Friday. Element Fleet Management has a 52 week low of C$5.35 and a 52 week high of C$10.32. The company has a market cap of $4.32 billion and a PE ratio of -21.82. The company has a debt-to-equity ratio of 347.86, a current ratio of 12.29 and a quick ratio of 11.77.
Element Fleet Management (TSE:EFN) last released its earnings results on Wednesday, March 6th. The financial services provider reported C$0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.17 by C($0.01). The firm had revenue of C$221.48 million during the quarter, compared to the consensus estimate of C$214.00 million.
About Element Fleet Management
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.