Element Fleet Management Corp. (TSE:EFN) Receives C$34.38 Consensus PT from Analysts

Element Fleet Management Corp. (TSE:EFN - Get Free Report) has received an average rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$34.38.

Several equities research analysts recently commented on EFN shares. BMO Capital Markets increased their price objective on Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. National Bankshares decreased their price objective on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Raymond James boosted their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. Jefferies Financial Group dropped their price target on Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods upgraded Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th.

Element Fleet Management Stock Down 0.8%

TSE EFN traded down C$0.25 during mid-day trading on Tuesday, reaching C$32.65. The stock had a trading volume of 557,497 shares, compared to its average volume of 602,939. Element Fleet Management has a 1 year low of C$23.50 and a 1 year high of C$33.17. The stock has a market cap of C$9.36 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a fifty day moving average price of C$30.10 and a 200 day moving average price of C$29.25. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Element Fleet Management's previous quarterly dividend of $0.12. Element Fleet Management's dividend payout ratio is presently 39.84%.

Insiders Place Their Bets

In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of C$31.58 per share, with a total value of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of C$27.06 per share, for a total transaction of C$57,010.36. In the last quarter, insiders acquired 24,407 shares of company stock worth $692,783. Corporate insiders own 0.26% of the company's stock.

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.