Element Fleet Management (EFN) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Element Fleet Management in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EFN shares.
View EFN analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued twelve-month price targets for Element Fleet Management's shares. Their EFN share price forecasts range from C$20.00 to C$28.00. On average, they expect the company's share price to reach C$23.38 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for EFN or view top-rated stocks among Wall Street analysts.

Element Fleet Management's stock was trading at C$18.45 on January 1st, 2023. Since then, EFN shares have increased by 9.1% and is now trading at C$20.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our EFN earnings forecast.

Element Fleet Management Corp. (TSE:EFN) issued its quarterly earnings data on Monday, March, 6th. The financial services provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The financial services provider earned $292.33 million during the quarter, compared to the consensus estimate of $267 million. Element Fleet Management had a trailing twelve-month return on equity of 11.53% and a net margin of 24.17%.

Element Fleet Management declared a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, June 30th will be given a dividend of 0.10 per share on Friday, July 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for EFN.

Element Fleet Management (TSE:EFN) pays an annual dividend of C$0.40 per share and currently has a dividend yield of 1.97%. The dividend payout ratio is 41.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EFN.

Based on aggregate information from My MarketBeat watchlists, some companies that other Element Fleet Management investors own include ECN Capital (ECN), Bank of Nova Scotia (BNS), Enbridge (ENB), Algonquin Power & Utilities (AQN), BCE (BCE), Manulife Financial (MFC), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Canadian National Railway (CNR) and Emera (EMA).

Element Fleet Management trades on the Toronto Stock Exchange (TSX) under the ticker symbol "EFN."

Shares of EFN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of EFN stock can currently be purchased for approximately C$20.13.

Element Fleet Management (TSE:EFN) has a market capitalization of C$7.85 billion and generates C$1.75 billion in revenue each year. The financial services provider earns C$396.61 million in net income (profit) each year or C$0.97 on an earnings per share basis.

The company employs 2,500 workers across the globe.

The official website for the company is www.elementfleet.com. The financial services provider can be reached via phone at 416-386-1067.