Brokerages Set Element Fleet Management Corp. (TSE:EFN) PT at C$33.50

Element Fleet Management Corp. (TSE:EFN) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$33.50.

A number of equities analysts have weighed in on the stock. TD Securities upped their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Raymond James raised their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Scotiabank cut their target price on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Finally, National Bankshares upped their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th.

Insiders Place Their Bets

In related news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$27.40, for a total transaction of C$142,480.00. Also, Senior Officer James Halliday sold 33,664 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total value of C$1,009,920.00. Over the last three months, insiders have acquired 19,625 shares of company stock valued at $562,999 and have sold 38,948 shares valued at $1,154,902. 0.26% of the stock is owned by corporate insiders.

Element Fleet Management Price Performance

Shares of EFN stock opened at C$29.18 on Friday. The firm has a fifty day simple moving average of C$29.11 and a 200-day simple moving average of C$27.42. The company has a market capitalization of C$11.78 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a twelve month low of C$21.08 and a twelve month high of C$30.49. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.64%. Element Fleet Management’s payout ratio is 37.50%.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.