TSE:EFN

Element Fleet Management - EFN Stock Forecast, Price & News

C$17.73

-0.34 (-1.88%)

(As of 03/24/2023 05:42 PM ET)

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Today's Range: C$17.57
▼
C$18.01
50-Day Range: C$17.73
▼
C$19.55
52-Week Range: C$10.99
▼
C$20.21

Volume: 737,164 shs
Average Volume: 794,350 shs
Market Capitalization: C$6.96 billion

P/E Ratio: 19.27
Dividend Yield: 2.26%
Price Target: C$23.38

Element Fleet Management MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 31.8% Upside
C$23.38 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.11
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
C$1.85 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Element Fleet Management has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$23.38, Element Fleet Management has a forecasted upside of 31.8% from its current price of C$17.73.
Amount of Analyst Coverage
Element Fleet Management has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for EFN.

1.7

Dividend Strength

Dividend Yield
Element Fleet Management pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Element Fleet Management does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Element Fleet Management is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EFN.

1.1

News and Social Media Coverage

News Sentiment
Element Fleet Management has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Element Fleet Management this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 4 people have added Element Fleet Management to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Element Fleet Management insiders have bought 65.59% more of their company's stock than they have sold. Specifically, they have bought C$1,849,520.00 in company stock and sold C$1,116,914.00 in company stock.
Percentage Held by Insiders
Only 0.22% of the stock of Element Fleet Management is held by insiders.
Percentage Held by Institutions
58.49% of the stock of Element Fleet Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Element Fleet Management is 19.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Element Fleet Management is 19.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 133.46.
Price to Earnings Growth Ratio
Element Fleet Management has a PEG Ratio of 2.97. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Element Fleet Management has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Element Fleet Management (TSE:EFN) Stock

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets. It serves construction, energy, oil and gas, food and beverage, healthcare, services, transportation, and utility industries. Element Fleet Management Corp. is headquartered in Toronto, Canada.

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EFN Stock News Headlines

March 26, 2023 | americanbankingnews.com

Element Fleet Management Corp. (TSE:EFN) Senior Officer Sells C$494,130.00 in Stock

March 23, 2023 | americanbankingnews.com

James Halliday Sells 33,664 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

March 27, 2023 | Weiss Ratings (Ad)

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March 23, 2023 | americanbankingnews.com

Jay A. Forbes Acquires 100,000 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

March 15, 2023 | bizjournals.com

Element Fleet Management signs 64k s.f. lease at Metro Centre at Owings Mills

March 10, 2023 | finance.yahoo.com

Element Fleet Management's (TSE:EFN) Upcoming Dividend Will Be Larger Than Last Year's

February 7, 2023 | ca.finance.yahoo.com

Element Stock: Can This Top 2022 Gainer Keep the Momentum Going?

January 24, 2023 | ca.finance.yahoo.com

Element Fleet Management names CIBC exec Laura Dottori-Attanasio as next CEO

March 27, 2023 | Investor Place Media (Ad)

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January 24, 2023 | finance.yahoo.com

With 55% ownership of the shares, Element Fleet Management Corp. (TSE:EFN) is heavily dominated by institutional owners

January 23, 2023 | finance.yahoo.com

Element Announces Jay Forbes to Retire, Appoints Laura Dottori-Attanasio as Successor

December 19, 2022 | finance.yahoo.com

Element Announces Largest Win Since its Pivot to Growth in 2021

December 9, 2022 | wsj.com

Element Fleet Management Corp. Cum. Pfd. Series C

October 17, 2022 | finance.yahoo.com

Element Fleet Management Corp. (EFN-PC.TO)

September 14, 2022 | investing.com

Element Fleet Management Corp Pref C (EFN_pc)

September 2, 2022 | finance.yahoo.com

A Element Fleet Management Corp. (TSE:EFN) insider increased their holdings last year

August 12, 2022 | seekingalpha.com

Element Fleet Management Non-GAAP EPS of $0.29, revenue of $288.1M

August 10, 2022 | finance.yahoo.com

Element Reports Record Quarter, Raises 2022 Guidance

July 14, 2022 | theglobeandmail.com

Element Fleet Management Corp stock boosted on Friday.

July 6, 2022 | finance.yahoo.com

Element Fleet Management Schedules Q2 2022 Results and Conference Call

July 4, 2022 | finance.yahoo.com

IIROC Trading Halt - EFN.PR.I

June 15, 2022 | ca.finance.yahoo.com

Element Fleet Management Corp. (EFN-PA.TO)

June 10, 2022 | investing.com

Element Fleet Management Corp (EFN_pi)

May 9, 2022 | finance.yahoo.com

Element Reports Strong First Quarter Results, Raises 2022 Revenue, Earnings, Cash Flow Guidance

May 5, 2022 | finance.yahoo.com

Meridian Reports First Results from Espigão Gravity Survey Program

April 19, 2022 | finance.yahoo.com

Element Fleet Management Releases 2022 Environmental, Social and Governance (ESG) Report

March 29, 2022 | investing.com

EFN_pi Historical Data

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EFN Company Calendar

Ex-Dividend for 1/13 Dividend: 12/29/2022
Dividend Payable: 1/13/2023
Today: 3/26/2023
Ex-Dividend for 4/14 Dividend: 3/30/2023
Dividend Payable: 4/14/2023
Next Earnings (Estimated): 5/08/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Credit Services
Sub-Industry: N/A
Sector: Finance
Current Symbol: TSE:EFN
CUSIP: N/A
CIK: N/A
Web: www.elementfleet.com
Phone: 416-386-1067
Fax: N/A
Employees: 2,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$23.38
High Stock Price Forecast: C$28.00
Low Stock Price Forecast: C$20.00
Forecasted Upside/Downside: +31.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.92
Trailing P/E Ratio: 19.27
Forward P/E Ratio: 16.29
P/E Growth: 2.97
Net Income: C$381.57 million
Net Margins: 24.34%
Pretax Margin: N/A
Return on Equity: 11.49%
Return on Assets: 3.00%

Debt

Debt-to-Equity Ratio: 247.70
Current Ratio: 5.97
Quick Ratio: 5.70

Sales & Book Value

Annual Sales: C$1.68 billion
Price / Sales: 4.14
Cash Flow: C$0.44 per share
Price / Cash Flow: 40.04
Book Value: C$8.45 per share
Price / Book: 2.10

Miscellaneous

Outstanding Shares: 392,380,000
Free Float: N/A
Market Cap: C$6.96 billion
Optionable: Not Optionable
Beta: 0.75

Key Executives

Mr. Jay A. Forbes CPA (Age 62)
F.C.A., FCA, FCPA, CEO, Pres & Exec. Director
Comp: $2.31M

Mr. Frank A. Ruperto (Age 57)
Exec. VP & CFO
Comp: $1.58M

Mr. James R. Halliday (Age 51)
Exec. VP & COO
Comp: $1.6M

Mr. David Madrigal
Exec. VP & Chief Commercial Officer

Michael Barrett
VP of Investor Relations & Investments

Mr. David Colman
Exec. VP, Gen. Counsel & Corp. Sec.

Ms. Jacqueline Angela Thomson McGillivray
Exec. VP & Chief People and Social Impact Officer

Mr. Imran Hussein
Managing Director

Mr. Scott Corman
Exec. Managing Director of Rail & Aviation Fin.

Mr. Chris Gittens
Exec. VP & Chief Digital Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

EFN Stock - Frequently Asked Questions

Should I buy or sell Element Fleet Management stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Element Fleet Management in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EFN shares.
View EFN analyst ratings or view top-rated stocks.
What is Element Fleet Management's stock price forecast for 2023?: 7 Wall Street research analysts have issued 12-month price objectives for Element Fleet Management's stock. Their EFN share price forecasts range from C$20.00 to C$28.00. On average, they predict the company's share price to reach C$23.38 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price.
View analysts price targets for EFN or view top-rated stocks among Wall Street analysts.
How have EFN shares performed in 2023?: Element Fleet Management's stock was trading at C$18.45 at the beginning of 2023. Since then, EFN stock has decreased by 3.9% and is now trading at C$17.73.
View the best growth stocks for 2023 here.
When is Element Fleet Management's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our EFN earnings forecast.
How often does Element Fleet Management pay dividends? What is the dividend yield for Element Fleet Management?: Element Fleet Management announced a quarterly dividend on Monday, March 6th. Investors of record on Friday, March 31st will be paid a dividend of 0.10 per share on Friday, April 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for EFN.
Is Element Fleet Management a good dividend stock?: Element Fleet Management (TSE:EFN) pays an annual dividend of C$0.40 per share and currently has a dividend yield of 2.21%. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EFN.

What other stocks do shareholders of Element Fleet Management own?: 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).
What is Element Fleet Management's stock symbol?: Element Fleet Management trades on the Toronto Stock Exchange (TSX) under the ticker symbol "EFN."
How do I buy shares of Element Fleet Management?: 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.
Compare Top Brokerages Here.
What is Element Fleet Management's stock price today?: One share of EFN stock can currently be purchased for approximately C$17.73.
How much money does Element Fleet Management make?: Element Fleet Management (TSE:EFN) has a market capitalization of C$6.96 billion and generates C$1.68 billion in revenue each year. The financial services provider earns C$381.57 million in net income (profit) each year or C$0.92 on an earnings per share basis.
How many employees does Element Fleet Management have?: The company employs 2,500 workers across the globe.
How can I contact Element Fleet Management?: The official website for the company is www.elementfleet.com. The financial services provider can be reached via phone at 416-386-1067.

This page (TSE:EFN) was last updated on 3/27/2023 by MarketBeat.com Staff

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Element Fleet Management - EFN Stock Forecast, Price & News

Element Fleet Management MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Element Fleet Management (TSE:EFN) Stock

EFN Stock News Headlines

EFN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

EFN Stock - Frequently Asked Questions

Overall MarketRank^™