Element Fleet Management Corp. (TSE:EFN) Receives C$28.50 Average PT from Brokerages

Element Fleet Management Corp. (TSE:EFN) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$28.50.

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Element Fleet Management from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. BMO Capital Markets upped their target price on shares of Element Fleet Management from C$26.00 to C$28.00 in a report on Thursday, May 16th. TD Securities upped their target price on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. National Bankshares boosted their price target on shares of Element Fleet Management from C$31.00 to C$33.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Finally, CIBC boosted their price target on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th.

Insiders Place Their Bets

In other Element Fleet Management news, Director George Keith Graham sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$24.70, for a total transaction of C$617,500.00. In other news, Senior Officer William Sutherland bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of C$24.90 per share, for a total transaction of C$99,594.00. Also, Director George Keith Graham sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total transaction of C$617,500.00. Over the last three months, insiders have acquired 5,550 shares of company stock worth $132,034 and have sold 68,974 shares worth $1,716,749. Insiders own 0.23% of the company’s stock.

Element Fleet Management Price Performance

Shares of TSE EFN opened at C$24.89 on Friday. The firm has a market cap of C$9.68 billion, a PE ratio of 20.57, a PEG ratio of 2.97 and a beta of 0.83. The firm has a fifty day moving average of C$23.70 and a 200 day moving average of C$22.71. The company has a debt-to-equity ratio of 315.13, a quick ratio of 5.70 and a current ratio of 8.32. Element Fleet Management has a one year low of C$18.50 and a one year high of C$25.35.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 EPS for the quarter, topping the consensus estimate of C$0.31 by C$0.05. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. The company had revenue of C$353.83 million during the quarter, compared to analyst estimates of C$333.85 million. As a group, research analysts predict that Element Fleet Management will post 1.5226286 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.93%. Element Fleet Management’s dividend payout ratio (DPR) is presently 39.67%.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.