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

Shares of Element Fleet Management Corp. (TSE:EFN) have earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$31.25.

Several research analysts have weighed in on EFN shares. CIBC boosted their price objective on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Jefferies Financial Group boosted their price objective on 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. National Bankshares boosted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Scotiabank boosted their price objective on Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. Finally, BMO Capital Markets upped their price target on Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th.

Element Fleet Management Trading Down 0.4 %

Shares of Element Fleet Management stock opened at C$28.08 on Thursday. The stock has a fifty day simple moving average of C$26.84 and a 200 day simple moving average of C$24.41. Element Fleet Management has a 12-month low of C$18.50 and a 12-month high of C$28.89. The company has a market capitalization of C$11.33 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, topping 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 business had revenue of C$375.68 million for the quarter, compared to analysts’ expectations of C$368.46 million. On average, sell-side analysts anticipate that Element Fleet Management will post 1.6868327 earnings per share for the current fiscal year.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.71%. Element Fleet Management’s dividend payout ratio is currently 37.80%.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.23% 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.