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 been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$27.63.

Several analysts have commented on EFN shares. CIBC increased their price target on shares of Element Fleet Management from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. BMO Capital Markets raised their target price on shares of Element Fleet Management from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Veritas Investment Research reaffirmed a "reduce" rating on shares of Element Fleet Management in a research report on Thursday, February 29th. Raymond James increased their price objective on Element Fleet Management from C$26.00 to C$29.00 and gave the company a "strong-buy" rating in a report on Wednesday, February 28th. Finally, TD Securities boosted their target price on Element Fleet Management from C$25.00 to C$27.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th.

Element Fleet Management Stock Down 1.1 %

Shares of EFN traded down C$0.23 during mid-day trading on Monday, hitting C$21.31. The company's stock had a trading volume of 364,585 shares, compared to its average volume of 531,974. The company has a current ratio of 6.78, a quick ratio of 5.70 and a debt-to-equity ratio of 280.50. The company's 50-day moving average is C$22.29 and its 200-day moving average is C$21.45. Element Fleet Management has a 52-week low of C$17.00 and a 52-week high of C$23.46. The firm has a market capitalization of C$8.29 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.97 and a beta of 0.84.

Element Fleet Management (TSE:EFN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported C$0.33 EPS for the quarter, topping analysts' consensus estimates of C$0.32 by C$0.01. The company had revenue of C$333.36 million during the quarter, compared to the consensus estimate of C$334.92 million. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. On average, equities research analysts forecast that Element Fleet Management will post 1.4296824 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.48 annualized dividend and a yield of 2.25%. Element Fleet Management's payout ratio is presently 43.24%.

Insider Activity

In other Element Fleet Management news, Senior Officer Yu Xiang Jin purchased 2,500 shares of Element Fleet Management stock in a transaction on Monday, March 25th. The stock was bought at an average cost of C$22.02 per share, with a total value of C$55,050.00. In other Element Fleet Management news, Senior Officer Yu Xiang Jin bought 2,500 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average cost of C$22.02 per share, for a total transaction of C$55,050.00. Also, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. Corporate insiders own 0.24% of the company's stock.

About Element Fleet Management

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.