Element Fleet Management Corp. (TSE:EFN) Receives C$27.63 Consensus Target Price from Brokerages

Element Fleet Management Corp. (TSE:EFNGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$27.63.

Several analysts recently weighed in on EFN shares. TD Securities upped their price objective on Element Fleet Management from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Raymond James upped their target price on 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. BMO Capital Markets upped their target price on Element Fleet Management from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. CIBC upped their target price on Element Fleet Management from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, Veritas Investment Research reaffirmed a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th.

View Our Latest Report on EFN

Element Fleet Management Stock Performance

TSE:EFN opened at C$21.32 on Monday. The stock has a fifty day moving average price of C$22.22 and a 200-day moving average price of C$21.48. The company has a market cap of C$8.30 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.97 and a beta of 0.84. The company has a debt-to-equity ratio of 280.50, a quick ratio of 5.70 and a current ratio of 6.78. Element Fleet Management has a fifty-two week low of C$17.00 and a fifty-two week high of C$23.46.

Element Fleet Management (TSE:EFNGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, topping 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 business had revenue of C$333.36 million during the quarter, compared to the consensus estimate of C$334.92 million. As a group, equities analysts anticipate that Element Fleet Management will post 1.4296824 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. Element Fleet Management’s payout ratio is 43.24%.

Insider Activity

In other news, 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. In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction that occurred 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. Also, Senior Officer Yu Xiang Jin bought 2,500 shares of the stock in a transaction on Monday, March 25th. The stock was acquired at an average price of C$22.02 per share, with a total value of C$55,050.00. Insiders own 0.24% of the company’s stock.

About Element Fleet Management

(Get Free Report

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.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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