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

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$35.38.

A number of equities research analysts have issued reports on EFN shares. Royal Bank Of Canada raised shares of Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price for the company in a research note on Wednesday, June 18th. BMO Capital Markets lifted their target price on shares of Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Jefferies Financial Group decreased their target price on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods raised shares of Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th.

Element Fleet Management Trading Up 0.0%

Element Fleet Management stock traded up C$0.01 during midday trading on Wednesday, reaching C$34.59. The stock had a trading volume of 98,198 shares, compared to its average volume of 592,060. The firm's fifty day simple moving average is C$32.70 and its two-hundred day simple moving average is C$30.17. Element Fleet Management has a twelve month low of C$24.85 and a twelve month high of C$35.00. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The firm has a market cap of C$9.91 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

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

Insiders Place Their Bets

In other news, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of C$30.77, for a total transaction of C$314,777.10. Also, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of C$31.58 per share, for a total transaction of C$135,781.10. 0.26% of the stock is currently owned by company insiders.

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.