Element Fleet Management Corp. (TSE:EFN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment 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 12-month price target among brokers that have updated their coverage on the stock in the last year is C$35.38.
A number of research analysts recently commented on the company. Jefferies Financial Group decreased their price objective on Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods upgraded Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Royal Bank Of Canada upgraded 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 upped their price objective on Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd.
Check Out Our Latest Analysis on Element Fleet Management
Insider Buying and Selling at Element Fleet Management
In related news, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of C$31.58 per share, for a total transaction of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total transaction of C$314,777.10. Corporate insiders own 0.26% of the company's stock.
Element Fleet Management Price Performance
Shares of Element Fleet Management stock traded down C$0.11 on Wednesday, hitting C$35.15. 730,412 shares of the company were exchanged, compared to its average volume of 598,731. The stock has a market capitalization of C$10.07 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a 50-day moving average price of C$32.87 and a 200 day moving average price of C$30.25. Element Fleet Management has a 1-year low of C$24.85 and a 1-year high of C$35.48. 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 Announces Dividend
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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, June 30th. Element Fleet Management's dividend payout ratio (DPR) is presently 39.84%.
About Element Fleet Management
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Get Free ReportElement 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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