Element Fleet Management (TSE:EFN) PT Raised to C$32.00

Element Fleet Management (TSE:EFN) had its price target hoisted by TD Securities from C$30.00 to C$32.00 in a research report report published on Friday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. National Bankshares boosted their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the company an outperform rating in a research note on Wednesday, August 14th. Scotiabank boosted their price target on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. Raymond James boosted their price target on Element Fleet Management from C$29.00 to C$30.00 and gave the company a strong-buy rating in a research note on Wednesday, August 14th. Jefferies Financial Group boosted their price target on Element Fleet Management from C$28.00 to C$31.00 and gave the company a buy rating in a research note on Tuesday, July 30th. Finally, CIBC boosted their target price on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an outperform rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Element Fleet Management currently has a consensus rating of Moderate Buy and an average target price of C$31.50.

Element Fleet Management Stock Performance

Element Fleet Management has a twelve month low of C$18.50 and a twelve month high of C$28.89. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The firm has a market capitalization of C$11.37 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.97 and a beta of 0.91. The stock’s fifty day moving average price is C$26.96 and its two-hundred day moving average price is C$24.49.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.03. The company had revenue of C$375.68 million during the quarter, compared to the consensus estimate of C$368.46 million. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. On average, equities research analysts predict that Element Fleet Management will post 1.6868327 earnings per share for the current fiscal year.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is currently 37.80%.

Insider Transactions at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of Element Fleet Management stock in a transaction dated 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. Company insiders own 0.23% of the company’s stock.

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.