Element Fleet Management Corp. (TSE:EFN) Receives C$35.38 Consensus Target Price from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$35.38.

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Jefferies Financial Group dropped their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. Royal Bank Of Canada upgraded shares of Element Fleet Management to a "moderate buy" rating and set a C$43.00 price objective on the stock in a report on Wednesday, June 18th. Finally, BMO Capital Markets boosted their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd.

Element Fleet Management Stock Performance

Element Fleet Management stock traded up C$0.07 on Wednesday, reaching C$34.58. 794,011 shares of the stock were exchanged, compared to its average volume of 596,290. The stock has a market cap of C$9.91 billion, a PE ratio of 28.70, a PEG ratio of 2.97 and a beta of 0.91. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. Element Fleet Management has a twelve month low of C$24.85 and a twelve month high of C$35.00. The firm has a fifty day moving average price of C$32.61 and a two-hundred day moving average price of C$30.14.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a $0.13 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.50%. Element Fleet Management's payout ratio is currently 39.84%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of C$31.58 per share, with a total value of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of C$30.77, for a total transaction of C$314,777.10. 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.