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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given an average recommendation of “Buy” by the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$43.29.

A number of equities analysts recently commented on EFN shares. National Bank Financial lifted their price target on shares of Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada set a C$47.00 price target on shares of Element Fleet Management and gave the stock an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group raised shares of Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, TD Securities dropped their price target on shares of Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th.

Element Fleet Management Stock Performance

Shares of TSE:EFN opened at C$33.01 on Friday. Element Fleet Management has a 52 week low of C$29.37 and a 52 week high of C$38.26. The company has a quick ratio of 5.70, a current ratio of 4.05 and a debt-to-equity ratio of 363.75. The firm has a fifty day simple moving average of C$32.39 and a two-hundred day simple moving average of C$34.84. The stock has a market capitalization of C$13.11 billion, a P/E ratio of 47.84, a PEG ratio of 2.97 and a beta of 0.33.

Element Fleet Management (TSE:EFN) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$0.45 EPS for the quarter. Element Fleet Management had a net margin of 12.07% and a return on equity of 10.09%. The firm had revenue of C$430.19 million during the quarter. On average, analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. Element Fleet Management’s payout ratio is currently 54.23%.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.