Element Fleet Management Corp. (TSE:EFN) Receives C$28.50 Consensus Price Target from Brokerages

Shares of Element Fleet Management Corp. (TSE:EFN) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$28.50.

EFN has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of Element Fleet Management from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. BMO Capital Markets upped their target price on Element Fleet Management from C$26.00 to C$28.00 in a research report on Thursday, May 16th. National Bankshares upped their price objective on shares of Element Fleet Management from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. CIBC upped their price objective on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Finally, TD Securities upped their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th.

Element Fleet Management Price Performance

TSE:EFN opened at C$25.19 on Friday. Element Fleet Management has a one year low of C$18.50 and a one year high of C$25.35. The company has a market cap of C$9.79 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.97 and a beta of 0.83. The firm’s fifty day moving average price is C$23.84 and its two-hundred day moving average price is C$22.74. The company has a debt-to-equity ratio of 315.13, a current ratio of 8.32 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Tuesday, May 14th. The financial services provider reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.31 by C$0.05. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. The firm had revenue of C$353.83 million for the quarter, compared to the consensus estimate of C$333.85 million. Equities analysts expect that Element Fleet Management will post 1.5226286 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, June 28th. Element Fleet Management’s dividend payout ratio is currently 39.67%.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer William Sutherland bought 4,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of C$24.90 per share, with a total value of C$99,594.00. In other Element Fleet Management news, Senior Officer James Halliday sold 32,700 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$25.00, for a total transaction of C$817,500.00. Also, Senior Officer William Sutherland purchased 4,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average price of C$24.90 per share, for a total transaction of C$99,594.00. In the last 90 days, insiders bought 5,550 shares of company stock valued at $132,034 and sold 68,974 shares valued at $1,716,749. Insiders own 0.23% of the company’s stock.

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.