Element Fleet Management Corp. (TSE:EFN) Receives C$27.63 Consensus PT from Analysts

Element Fleet Management Corp. (TSE:EFN) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$27.63.

A number of research firms have commented on EFN. TD Securities upped their price target on Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. CIBC upped their price target on Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Veritas Investment Research reaffirmed a “reduce” rating on shares of Element Fleet Management in a research report on Thursday, February 29th. Scotiabank upped their price target 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. Finally, Raymond James upped their price target 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 Transactions at Element Fleet Management

In related news, Senior Officer Yu Xiang Jin acquired 2,500 shares of Element Fleet Management stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of C$22.02 per share, with a total value of C$55,050.00. In related news, Senior Officer James Halliday sold 33,664 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total transaction of C$774,608.64. Also, Senior Officer Yu Xiang Jin acquired 2,500 shares of Element Fleet Management stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of C$22.02 per share, with a total value of C$55,050.00. Corporate insiders own 0.24% of the company’s stock.

Element Fleet Management Trading Up 0.1 %

Shares of EFN stock opened at C$21.32 on Monday. The stock has a market capitalization of C$8.30 billion, a PE ratio of 19.21, a P/E/G ratio of 2.97 and a beta of 0.84. Element Fleet Management has a 1-year low of C$17.00 and a 1-year high of C$23.46. The business has a 50-day moving average of C$22.22 and a 200 day moving average of C$21.48. The company has a debt-to-equity ratio of 280.50, a current ratio of 6.78 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN) last issued its earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.01. The company had revenue of C$333.36 million during the quarter, compared to analysts’ expectations of C$334.92 million. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. As a group, sell-side analysts anticipate that Element Fleet Management will post 1.4296824 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, March 27th. Element Fleet Management’s dividend payout ratio is currently 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.