Element Fleet Management Corp. (TSE:EFN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Consensus "Buy": Seven brokerages rate Element Fleet Management as a Buy (six buys, one strong buy) with an average 12‑month price target of C$43.29 and individual targets as high as C$50.00.
• Shares trade around C$30.80 (12‑month range C$29.66–C$38.26) while the company shows a market cap of C$12.23B, a high P/E of 44.64 and a notably elevated debt‑to‑equity ratio of 363.75.
• Recent quarter: EPS of C$0.45 on C$430.19M revenue; the firm pays a quarterly dividend of C$0.15 (annualized C$0.60, yield ~1.9%) with a payout ratio of ~54%.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have been given an average rating of "Buy" by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$43.29.

A number of research firms recently commented on EFN. Royal Bank Of Canada set a C$47.00 price objective on shares of Element Fleet Management and gave the company an "outperform" rating in a research note on Monday, January 26th. Jefferies Financial Group upgraded shares of Element Fleet Management from a "hold" rating to a "buy" rating in a research note on Monday, February 23rd. National Bank Financial raised their price objective on shares of Element Fleet Management from C$48.00 to C$50.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, TD Securities lowered their price objective on shares of Element Fleet Management from C$42.00 to C$41.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th.

Element Fleet Management Stock Performance

EFN opened at C$30.80 on Tuesday. The business's 50 day moving average is C$31.82 and its 200-day moving average is C$34.49. The stock has a market cap of C$12.23 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 2.97 and a beta of 0.33. The company has a current ratio of 4.05, a quick ratio of 5.70 and a debt-to-equity ratio of 363.75. Element Fleet Management has a twelve month low of C$29.66 and a twelve month high of C$38.26.

Element Fleet Management (TSE:EFN - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$0.45 earnings per share for the quarter. Element Fleet Management had a return on equity of 10.09% and a net margin of 12.07%.The company had revenue of C$430.19 million for the quarter. On average, analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 31st. Element Fleet Management's dividend payout ratio (DPR) is currently 54.23%.

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. The company's suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.

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