Brokerages Set Element Fleet Management Corp. (TSE:EFN) Target Price at C$38.13

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 earned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$38.13.

EFN has been the topic of several research reports. Jefferies Financial Group cut their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. BMO Capital Markets lifted their price target on Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. National Bankshares upped their price objective on Element Fleet Management from C$40.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods raised Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Finally, Scotiabank lifted their target price on Element Fleet Management from C$33.00 to C$40.00 in a research note on Wednesday, July 23rd.

Element Fleet Management Stock Down 0.5%

TSE EFN traded down C$0.17 during trading on Friday, reaching C$36.66. 129,058 shares of the company's stock traded hands, compared to its average volume of 595,739. Element Fleet Management has a 12-month low of C$25.00 and a 12-month high of C$36.94. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The firm has a market cap of C$10.51 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company's 50 day simple moving average is C$34.18 and its two-hundred day simple moving average is C$31.10.

Element Fleet Management Dividend Announcement

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

Insider Buying and Selling at Element Fleet Management

In related news, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of C$31.58 per share, for a total transaction of C$135,781.10. 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.