Element Fleet Management Corp. (TSE:EFN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Element Fleet Management Corp. (TSE:EFN) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$27.63.

A number of research firms have recently commented on EFN. Scotiabank raised their target price on Element Fleet Management from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Royal Bank of Canada raised their target price on Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Veritas Investment Research restated a “reduce” rating on shares of Element Fleet Management in a research report on Thursday, February 29th. BMO Capital Markets raised their target price on Element Fleet Management from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Raymond James raised their target price on Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 28th.

Insider Activity at Element Fleet Management

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$23.01, for a total value of C$774,608.64. 0.24% of the stock is currently owned by corporate insiders.

Element Fleet Management Price Performance

Shares of EFN opened at C$21.78 on Thursday. The business’s 50-day moving average is C$22.53 and its two-hundred day moving average is C$21.25. The company has a market capitalization of C$8.48 billion, a P/E ratio of 19.62, a P/E/G ratio of 2.97 and a beta of 0.84. The company has a debt-to-equity ratio of 280.50, a quick ratio of 5.70 and a current ratio of 6.78. Element Fleet Management has a fifty-two week low of C$17.00 and a fifty-two week high of C$23.46.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, topping the consensus estimate of C$0.32 by C$0.01. The company had revenue of C$333.36 million for the quarter, compared to the consensus estimate of C$334.92 million. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. Research analysts predict that Element Fleet Management will post 1.4295866 earnings per share for the current year.

Element Fleet Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, March 27th. Element Fleet Management’s dividend payout ratio is presently 43.24%.

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.