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

Shares of Element Fleet Management Corp. (TSE:EFN) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$31.88.

Several research analysts have weighed in on EFN shares. Raymond James upped their price objective on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 14th. Jefferies Financial Group raised their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. TD Securities boosted their price objective on Element Fleet Management from C$30.00 to C$32.00 in a report on Friday, September 20th. Royal Bank of Canada raised their target price 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. Finally, CIBC upped their price target on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, July 29th.

Element Fleet Management Stock Performance

Shares of EFN opened at C$29.50 on Monday. Element Fleet Management has a one year low of C$18.50 and a one year high of C$29.67. The company has a market cap of C$11.91 billion, a PE ratio of 23.41, a P/E/G ratio of 2.97 and a beta of 0.91. The stock has a 50-day moving average of C$27.59 and a 200-day moving average of C$25.09. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 EPS 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 firm had revenue of C$375.68 million during the quarter, compared to analysts’ expectations of C$368.46 million. On average, equities research analysts predict that Element Fleet Management will post 1.6869159 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. Element Fleet Management’s dividend payout ratio (DPR) is 38.10%.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is owned by corporate insiders.

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.