Brokerages Set Element Fleet Management Corp. (TSE:EFN) Target Price at C$34.00

Element Fleet Management Corp. (TSE:EFN) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$34.00.

A number of analysts have recently commented on the company. Raymond James lifted their price target on Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. National Bankshares cut their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. CIBC upped their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a “hold” rating in a report on Sunday, April 20th. Finally, Jefferies Financial Group decreased their price objective on Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of Element Fleet Management stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of C$27.06 per share, with a total value of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of C$27.78 per share, for a total transaction of C$499,991.40. Insiders own 0.26% of the company’s stock.

Element Fleet Management Trading Up 1.0 %

TSE EFN opened at C$30.50 on Friday. The company has a market cap of C$8.74 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a twelve month low of C$21.88 and a twelve month high of C$31.29. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The business’s fifty day moving average is C$28.89 and its 200 day moving average is C$28.94.

Element Fleet Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 1.70%. This is a boost from Element Fleet Management’s previous quarterly dividend of $0.12. Element Fleet Management’s dividend payout ratio (DPR) is currently 39.84%.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.