Element Fleet Management (TSE:EFN) Price Target Raised to C$34.00

Element Fleet Management (TSE:EFN) had its target price boosted by Raymond James from C$30.00 to C$34.00 in a report published on Thursday,BayStreet.CA reports.

Several other analysts also recently issued reports on EFN. Scotiabank decreased their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday. BMO Capital Markets upped their target price on shares of Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Royal Bank of Canada raised their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Jefferies Financial Group lifted their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, TD Securities boosted 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 report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.50.

Element Fleet Management Stock Up 0.1 %

EFN opened at C$27.11 on Thursday. The company has a market capitalization of C$10.94 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The business has a 50-day moving average of C$28.66 and a 200-day moving average of C$26.30. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management has a fifty-two week low of C$20.62 and a fifty-two week high of C$30.04.

Element Fleet Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Insider Activity at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by company insiders.

About Element Fleet Management

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.