Element Fleet Management (TSE:EFN) PT Raised to C$33.00

Element Fleet Management (TSE:EFN - Free Report) had its price target boosted by National Bankshares from C$31.00 to C$33.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the financial services provider's stock.

A number of other equities research analysts have also recently commented on EFN. Veritas Investment Research reissued a reduce rating on shares of Element Fleet Management in a report on Thursday, February 29th. BMO Capital Markets upped their price target on shares of Element Fleet Management from C$26.00 to C$28.00 in a report on Thursday. TD Securities boosted their target price on Element Fleet Management from C$27.00 to C$28.00 and gave the company a buy rating in a research report on Wednesday. Scotiabank boosted their price objective on Element Fleet Management from C$26.00 to C$27.00 and gave the company an outperform rating in a report on Thursday. Finally, Raymond James upped their price target on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the stock a strong-buy rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Element Fleet Management presently has an average rating of Moderate Buy and a consensus target price of C$28.50.

Element Fleet Management Trading Up 0.1 %

Shares of TSE:EFN traded up C$0.03 on Thursday, hitting C$23.89. The company had a trading volume of 845,998 shares, compared to its average volume of 521,416. The company has a quick ratio of 5.70, a current ratio of 6.78 and a debt-to-equity ratio of 280.50. Element Fleet Management has a 1 year low of C$18.50 and a 1 year high of C$24.22. The firm's 50-day simple moving average is C$22.08 and its two-hundred day simple moving average is C$21.89. The firm has a market capitalization of C$9.30 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 2.97 and a beta of 0.83.

Element Fleet Management (TSE:EFN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.01. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. The firm had revenue of C$333.36 million during the quarter, compared to the consensus estimate of C$334.92 million. Equities analysts anticipate that Element Fleet Management will post 1.0547496 earnings per share for the current fiscal year.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, June 28th. Element Fleet Management's payout ratio is 43.24%.

Insiders Place Their Bets

In other news, Senior Officer Yu Xiang Jin purchased 2,500 shares of the stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of C$22.02 per share, with a total value of C$55,050.00. In other news, Senior Officer Yu Xiang Jin purchased 2,500 shares of Element Fleet Management stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of C$22.02 per share, with a total value of C$55,050.00. Also, Senior Officer James Halliday sold 33,664 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. 0.23% of the stock is currently owned by insiders.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.