Shares of Element Fleet Management Corp (TSE:EFN) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$11.54 and last traded at C$11.40, with a volume of 138444 shares changing hands. The stock had previously closed at C$11.34.
Several analysts recently commented on the stock. TD Securities raised their price target on shares of Element Fleet Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James set a C$13.50 price target on shares of Element Fleet Management and gave the company a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price target on shares of Element Fleet Management from C$12.00 to C$13.00 and gave the company a “top pick” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$12.14.
The company has a market cap of $5.03 billion and a price-to-earnings ratio of -24.02. The company has a quick ratio of 9.25, a current ratio of 9.60 and a debt-to-equity ratio of 331.15. The company’s 50-day moving average is C$10.82 and its 200 day moving average is C$10.12.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.18 annualized dividend and a yield of 1.57%. Element Fleet Management’s dividend payout ratio is presently -43.93%.
About Element Fleet Management (TSE:EFN)
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.
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