Jefferies Financial Group Issues Pessimistic Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN - Free Report) had its price objective decreased by Jefferies Financial Group from C$31.00 to C$30.00 in a report issued on Monday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. CIBC upped their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. National Bankshares dropped their target price on shares of 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. Finally, Raymond James upped their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$34.00.

Element Fleet Management Stock Up 0.5 %

EFN traded up C$0.17 during trading on Monday, reaching C$31.10. 239,474 shares of the stock traded hands, compared to its average volume of 615,737. The stock's 50-day simple moving average is C$28.80 and its two-hundred day simple moving average is C$28.90. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a fifty-two week low of C$21.23 and a fifty-two week high of C$31.25. The stock has a market cap of C$8.91 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.13 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Element Fleet Management's previous quarterly dividend of $0.12. Element Fleet Management's dividend payout ratio (DPR) is currently 39.84%.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of C$27.78 per share, with a total value of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of C$27.06 per share, with a total value of C$57,010.36. Company 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.