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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$33.50.

Several analysts have recently weighed in on EFN shares. Scotiabank decreased their price objective on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. CIBC boosted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Raymond James raised their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. Royal Bank of Canada increased their price target on shares of 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. Finally, Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of C$27.67 per share, with a total value of C$498,074.40. Also, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total value of C$142,480.00. Over the last quarter, insiders have acquired 22,075 shares of company stock valued at $615,202. 0.26% of the stock is currently owned by corporate insiders.

Element Fleet Management Stock Down 0.1 %

TSE EFN opened at C$29.70 on Tuesday. Element Fleet Management has a twelve month low of C$20.94 and a twelve month high of C$30.49. The stock has a market cap of C$11.99 billion, a PE ratio of 23.20, a PEG ratio of 2.97 and a beta of 0.91. The firm has a 50-day simple moving average of C$28.95 and a 200 day simple moving average of C$26.79. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 yield of 1.62%. Element Fleet Management’s payout ratio is 37.50%.

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.