Element Fleet Management (TSE:EFN) Price Target Raised to C$39.00

Element Fleet Management (TSE:EFN) had its target price boosted by National Bankshares from C$37.00 to C$39.00 in a report published on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also commented on EFN. Jefferies Financial Group increased 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 report on Tuesday, July 30th. Raymond James lifted their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday. BMO Capital Markets lifted their target price on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. TD Securities boosted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada increased 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 report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$33.50.

Element Fleet Management Trading Up 0.1 %

Element Fleet Management stock opened at C$27.11 on Thursday. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a one year low of C$20.62 and a one year high of C$30.04. The stock has a market cap 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 stock has a 50-day moving average of C$28.66 and a two-hundred day moving average of C$26.30.

Element Fleet Management Dividend Announcement

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

Insider Transactions at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.26% of the company’s stock.

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.