Element Fleet Management Corp. (TSE:EFN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Element Fleet Management Corp. (TSE:EFN) has received a consensus recommendation of "Moderate Buy" from analysts, with an average target price of C$40.00.
• Analysts from BMO Capital Markets, National Bankshares, Royal Bank of Canada, Raymond James Financial, and TD Securities have all recently raised their price targets for the stock, highlighting positive sentiment.
• The company recently declared a quarterly dividend of $0.13 per share, reflecting an annualized yield of 1.4%.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$40.00.

Several research analysts recently weighed in on EFN shares. BMO Capital Markets lifted their price target on Element Fleet Management from C$35.00 to C$40.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. National Bankshares lifted their price target on Element Fleet Management from C$46.00 to C$47.00 in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their price target on Element Fleet Management from C$43.00 to C$47.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Raymond James Financial lifted their price target on Element Fleet Management from C$36.00 to C$40.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 7th. Finally, TD Securities lifted their price target on Element Fleet Management from C$41.00 to C$42.00 and gave the company a "buy" rating in a research report on Thursday, August 7th.

Element Fleet Management Trading Down 0.5%

Shares of TSE:EFN opened at C$36.36 on Thursday. The business has a 50-day moving average price of C$35.60 and a 200-day moving average price of C$31.97. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The stock has a market cap of C$10.42 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 52-week low of C$25.00 and a 52-week high of C$37.69.

Element Fleet Management Dividend Announcement

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

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.

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