Bullboard - Stock Discussion Forum Element Fleet Management Corp T.EFN.PR.E

Primary Symbol: T.EFN Alternate Symbol(s): T.EFN.PR.C | ELEEF

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Element Fleet Management Corp. is a Canada-based global automotive fleet manager. The Company provides business-to-business services and financing to corporations, governments and not-for-profits. It operates in various countries, including the United States, Canada, Mexico, Australia and New Zealand. It provides services and financing for commercial vehicle and equipment fleets, reaching... see more

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TSX:EFN - Post Discussion

Element Fleet Management Corp > TD

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Post by retiredcf on Dec 28, 2022 10:11am

TD

December 21, 2022

Our Action List Pick

Our High Conviction Buy

Element Fleet Management EFN-T: C$18.81; BUY 12-Month Target: C$22.00

We believe the healthy order backlog will support the medium term growth outlook, and positions Element well in a potentially slowing macro environment. In our view, maintaining the strong earnings and FCF/share growth momentum is doable, but will require translating the backlog into originations, further servicing growth, and syndication channels remaining open.

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