Element Fleet Management Corp. (TSE:EFN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$32.25.

Several brokerages have recently issued reports on EFN. Raymond James lifted their price target on Element Fleet Management from C$29.00 to C$30.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 14th. CIBC lifted their price target on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. TD Securities lifted their price target on Element Fleet Management from C$30.00 to C$32.00 in a research report on Friday, September 20th. National Bankshares lifted their price target on Element Fleet Management from C$34.00 to C$37.00 in a research report on Friday, September 27th. Finally, Royal Bank of Canada raised their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th.

Element Fleet Management Stock Up 0.9 %

Shares of Element Fleet Management stock opened at C$28.80 on Friday. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The business’s 50 day simple moving average is C$28.55 and its 200-day simple moving average is C$25.91. The stock has a market capitalization of C$11.62 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a twelve month low of C$19.75 and a twelve month high of C$30.04.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.37 by C$0.03. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. The company had revenue of C$375.68 million for the quarter, compared to analysts’ expectations of C$368.46 million. Equities research analysts forecast that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.67%. Element Fleet Management’s dividend payout ratio (DPR) is presently 37.50%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is currently owned by insiders.

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.