EFN, CA2861812014

RBC Dominion Securities cuts target for Element Fleet Management stock to CAD 33.00

Published on 10/17/2026 at 18:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are scheduled for November 3, 2026. Element Fleet Management stock stood at CAD 21.53 on October 16, 2026, down 1.28 percent on TSX.

Analyst target and market date

RBC Dominion Securities lowered its Element Fleet Management target from CAD 40.00 to CAD 33.00 on October 15, 2026.
Element Fleet Management is scheduled to report third-quarter results on November 3, 2026.
Element Fleet Management stock stood at CAD 21.53 at 4:00 p.m. ET on October 16, 2026, down 1.28 percent on the TSX.
The company had a market capitalization of CAD 8.5 billion and a P/E ratio of 21.14.

EFN, CA2861812014, Illustration mit AI erstellt.

RBC Dominion Securities cut its Element Fleet Management target from CAD 40.00 to CAD 33.00 on October 15, 2026, while maintaining an outperform rating, according to MarketBeat. Element Fleet Management stock stood at CAD 21.53 on the TSX on October 16, 2026 at 4:00 p.m. ET, down 1.28 percent on the day.

Results date sets the next marker

Element Fleet Management is scheduled to report its third-quarter 2026 results on November 3, 2026, after the market closes, according to Simply Wall St. The date gives the revised analyst view a near-term test, particularly because the target reduction was paired with an unchanged outperform rating.

Stock sits near its yearly low

The October 16 TSX price of CAD 21.53 was CAD 0.33 above the 52-week low of CAD 21.20 and CAD 16.73 below the 52-week high of CAD 38.26. That places the stock 1.56 percent above its low and 43.72 percent below its high. The session change was minus 1.28 percent, while 1,764,736 shares traded against an average volume of 1,309,537.

Valuation remains central

Element Fleet Management had a market capitalization of CAD 8.5 billion, a P/E ratio of 21.14 and a trailing dividend yield of 0.03 percent as of October 16, 2026. The company is listed on the Toronto Stock Exchange under EFN, and its primary business is fleet management and vehicle financing, according to The Maple Markets.

Comparison with peers

Element Fleet Management (TSX, CAD): minus 1.28 percent, P/E 21.14, market capitalization CAD 8.5 billion
Dexterra Group (TSX, CAD): plus 2.13 percent, P/E 25.03, market capitalization CAD 1.1 billion
K-Bro Linen (TSX, CAD): plus 1.13 percent, P/E 24.70, market capitalization CAD 530.7 million

Analyst cut meets a dated price

The target change and the November reporting date give investors two concrete reference points, while the stock's position near its 52-week low keeps valuation and execution in the foreground. Element Fleet Management stock last stood at CAD 21.53 on the TSX on October 16, 2026 at 4:00 p.m. ET, down 1.28 percent on the day.