Element Fleet Management Corp. (TSE:EFN) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Element Fleet has a consensus analyst rating of Buy from 8 analysts (six Buy, one Strong Buy, one Hold) with an average 12‑month target of C$43.29.
• Shares trade around C$32.23 (52‑week range C$27.90–C$38.26) with a market cap of C$12.8B, a P/E of 46.7 and a notably high debt‑to‑equity ratio of 363.75.
• The company reported Q EPS of C$0.45 on C$430.2M revenue (analysts expect ~C$1.69 FY EPS) and declared a quarterly dividend of $0.15 (annualized $0.60, yield 1.9%, ex‑dividend March 31).

Element Fleet Management Corp. (TSE:EFN - Get Free Report) has earned a consensus recommendation of "Buy" from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$43.29.

EFN has been the topic of several research reports. TD Securities decreased their price target on shares of Element Fleet Management from C$42.00 to C$41.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada set a C$47.00 price target on shares of Element Fleet Management and gave the company an "outperform" rating in a research note on Monday, January 26th. Jefferies Financial Group upgraded shares of Element Fleet Management from a "hold" rating to a "buy" rating in a research note on Monday, February 23rd. Finally, National Bank Financial upped their price target on shares of Element Fleet Management from C$48.00 to C$50.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th.

Element Fleet Management Price Performance

TSE:EFN opened at C$32.23 on Friday. Element Fleet Management has a one year low of C$27.90 and a one year high of C$38.26. The company has a market cap of C$12.80 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.97 and a beta of 0.33. The firm's fifty day moving average price is C$32.53 and its two-hundred day moving average price is C$34.94. The company has a debt-to-equity ratio of 363.75, a current ratio of 4.05 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$0.45 EPS for the quarter. Element Fleet Management had a net margin of 12.07% and a return on equity of 10.09%. The firm had revenue of C$430.19 million for the quarter. Equities analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.9%. Element Fleet Management's dividend payout ratio is currently 54.23%.

Element Fleet Management Company Profile

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. The company's suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.

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