Element Fleet Management Corp. (TSE:EFN) Receives C$38.13 Consensus Target Price from Brokerages

Key Points

• Element Fleet Management Corp. has received an average rating of "Moderate Buy" from six analysts, with target prices ranging from C$30.00 to C$43.00.
• The company recently announced a quarterly dividend of $0.13 per share, representing an annualized dividend yield of 1.4%.
• Element Fleet Management's stock performance highlights a year range between C$24.85 and C$36.73, with a current market cap of C$10.32 billion.

Element Fleet Management Corp. (TSE:EFN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$38.13.

Several research firms have issued reports on EFN. Royal Bank Of Canada raised Element Fleet Management to a "moderate buy" rating and set a C$43.00 price target for the company in a report on Wednesday, June 18th. Jefferies Financial Group cut their price target on Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. BMO Capital Markets boosted their price target on Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. TD Securities boosted their price target on Element Fleet Management from C$34.00 to C$41.00 and gave the company a "buy" rating in a report on Friday. Finally, Scotiabank boosted their price target on Element Fleet Management from C$33.00 to C$40.00 in a report on Wednesday, July 23rd.

Element Fleet Management Stock Performance

Element Fleet Management stock traded down C$0.05 during mid-day trading on Friday, reaching C$35.99. 442,590 shares of the stock traded hands, compared to its average volume of 593,699. The stock has a market capitalization of C$10.32 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a 12-month low of C$24.85 and a 12-month high of C$36.73. The business's 50-day moving average is C$34.04 and its 200-day moving average is C$31.01.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. Element Fleet Management's dividend payout ratio is 39.84%.

Insider Activity at Element Fleet Management

In other news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of C$31.58 per share, for a total transaction of C$135,781.10. Corporate insiders own 0.26% of the company's stock.

About Element Fleet Management

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.