Element Fleet Management Corp. (TSE:EFN) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat reports. Two 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$34.38.

A number of research analysts recently weighed in on the company. National Bankshares dropped 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. BMO Capital Markets boosted their target price on shares of Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Jefferies Financial Group reduced their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. Finally, Raymond James Financial upped their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th.

Element Fleet Management Stock Performance

Shares of TSE:EFN traded up C$0.14 during midday trading on Friday, hitting C$32.38. The stock had a trading volume of 323,398 shares, compared to its average volume of 596,453. Element Fleet Management has a 1 year low of C$23.71 and a 1 year high of C$33.17. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The stock has a 50 day moving average price of C$31.43 and a two-hundred day moving average price of C$29.65. The company has a market capitalization of C$9.28 billion, a PE ratio of 26.87, a P/E/G ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a $0.13 dividend. 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. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. Element Fleet Management's dividend payout ratio is currently 39.84%.

Insider Buying and Selling

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the firm'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. Also, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of the stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of C$31.58 per share, with a total value of C$135,781.10. 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.