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

Shares of Element Fleet Management Corp. (TSE:EFN) have earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$41.88.

A number of analysts recently weighed in on the stock. Raymond James Financial lowered shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from C$42.50 to C$42.00 in a report on Thursday, May 7th. Jefferies Financial Group raised shares of Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. TD Securities decreased their target price on shares of Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada cut their price target on shares of Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, TD cut their price target on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, May 8th.

Element Fleet Management Stock Performance

TSE EFN opened at C$26.79 on Friday. The company’s 50 day moving average is C$29.78 and its 200-day moving average is C$32.91. The company has a quick ratio of 5.70, a current ratio of -1,554.01 and a debt-to-equity ratio of 358.10. The firm has a market cap of C$10.61 billion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 2.97 and a beta of 0.66. Element Fleet Management has a 12-month low of C$25.32 and a 12-month high of C$38.26.

Element Fleet Management (TSE:EFN) last posted its earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share for the quarter. The business had revenue of C$879.58 million for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. Sell-side analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Element Fleet Management’s payout ratio is currently 52.84%.

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. 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.