Raymond James Cuts Q3 EPS Estimates for Element Fleet Management

Research analysts at Raymond James Financial have revised their earnings per share (EPS) estimates for Element Fleet Management Corp. (TSE: EFN) for the third quarter of 2026. In a report released on November 12, analyst S. Boland projected that the financial services provider will earn C$0.53 per share, a decrease from the previous estimate of C$0.55. This adjustment comes as part of an ongoing analysis of the company’s performance.

The consensus estimate for Element Fleet Management’s full-year earnings currently stands at C$1.69 per share. This change in outlook has caught the attention of several other research firms. For instance, BMO Capital Markets increased their price target for Element shares from C$35.00 to C$40.00, maintaining an “outperform” rating in their report on August 8.

Analyst Ratings and Price Targets

Similarly, National Bankshares raised their target price from C$47.00 to C$48.00, while also issuing an “outperform” rating on October 27. TD Securities adjusted their price target from C$41.00 to C$42.00 with a “buy” rating on August 7. Scotiabank increased their price objective from C$40.00 to C$42.00, endorsing an “outperform” rating on October 24. Lastly, the Royal Bank of Canada elevated their price target from C$43.00 to C$47.00, also maintaining an “outperform” rating.

Overall, one equities research analyst has rated Element Fleet Management stock as a Strong Buy, six analysts have given it a Buy rating, and one has issued a Hold rating. According to MarketBeat, the stock has a consensus rating of “Buy,” with an average price target of C$42.00.

Stock Performance and Insider Activity

The stock opened at C$35.05 on Monday, with a current market capitalization of C$14.02 billion. The company has a price-to-earnings (P/E) ratio of 32.76, a PEG ratio of 2.97, and a beta of 0.41, indicating relatively low volatility compared to the market. Element Fleet Management’s 50-day moving average sits at C$36.86, while the 200-day moving average is C$35.33. The stock has experienced a 52-week low of C$25.00 and a high of C$38.26.

In a notable transaction, insider Heath Leslie Valkenburg purchased 813 shares on September 10 at an average price of C$36.90 per share, amounting to C$29,999.70. Following this acquisition, Valkenburg’s total holdings in the company increased to 4,153 shares, valued at approximately C$153,245.70, reflecting a 24.34% increase in their position. Currently, company insiders own 0.26% of the stock.

Element Fleet Management was formed in October 2016 after separating into two independent public companies. The firm specializes in providing management services and financing for commercial vehicle and equipment fleets, establishing itself as a key player in the global fleet management industry.