Element Fleet Management (TSE:EFN) Given New C$32.00 Price Target at TD Securities

Element Fleet Management (TSE:EFN) had its price target upped by TD Securities from C$30.00 to C$32.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Scotiabank boosted their price target on Element Fleet Management from C$27.00 to C$28.00 in a report on Wednesday, July 24th. National Bankshares boosted their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the company an outperform rating in a report on Wednesday, August 14th. Jefferies Financial Group boosted their price target on Element Fleet Management from C$28.00 to C$31.00 and gave the company a buy rating in a report on Tuesday, July 30th. Raymond James boosted their price target on Element Fleet Management from C$29.00 to C$30.00 and gave the company a strong-buy rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the company an outperform rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$31.50.

Element Fleet Management Trading Down 0.1 %

TSE EFN opened at C$28.37 on Friday. Element Fleet Management has a 1-year low of C$18.50 and a 1-year high of C$28.89. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The stock has a 50-day moving average of C$26.96 and a 200-day moving average of C$24.49. The firm has a market cap of C$11.45 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management (TSE:EFN) last released its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.03. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. The company had revenue of C$375.68 million during the quarter, compared to analyst estimates of C$368.46 million. As a group, sell-side analysts forecast that Element Fleet Management will post 1.6868327 EPS for the current year.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is presently 37.80%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. Insiders own 0.23% of the company’s stock.

About Element Fleet Management

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.