Element Fleet Management Corp. (TSE:EFN) Receives C$34.00 Consensus Price Target from Analysts

Element Fleet Management Corp. (TSE:EFN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat.com reports. Two equities research 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 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$34.00.

A number of research analysts have issued reports on EFN shares. Raymond James raised their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. Jefferies Financial Group lowered their price target on Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. National Bankshares cut their price objective on Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. CIBC lifted their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a "hold" rating in a report on Sunday, April 20th.

Insider Activity

In related news, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of C$27.06 per share, with a total value of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of C$27.78 per share, for a total transaction of C$499,991.40. Insiders own 0.26% of the company's stock.

Element Fleet Management Stock Down 0.2 %

Shares of EFN traded down C$0.07 during mid-day trading on Friday, hitting C$30.19. 1,195,250 shares of the company traded hands, compared to its average volume of 620,564. The business has a 50 day moving average of C$28.84 and a 200 day moving average of C$28.92. The company has a market capitalization of C$8.65 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 1-year low of C$21.78 and a 1-year high of C$31.29.

Element Fleet Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.13 per share. This is a positive change from Element Fleet Management's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, March 31st. Element Fleet Management's dividend payout ratio is presently 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.