Element Fleet Management Corp. (TSE:EFN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$28.50.

EFN has been the topic of a number of recent analyst reports. CIBC raised their price target on Element Fleet Management from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. TD Securities lifted 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, May 15th. BMO Capital Markets increased their target price on shares of Element Fleet Management from C$26.00 to C$28.00 in a report on Thursday, May 16th. National Bankshares raised their price target on shares of Element Fleet Management from C$31.00 to C$33.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Finally, Scotiabank increased their price objective on shares of Element Fleet Management from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th.

Element Fleet Management Trading Up 0.8 %

Shares of TSE:EFN opened at C$24.89 on Friday. Element Fleet Management has a 52-week low of C$18.50 and a 52-week high of C$25.35. The company has a debt-to-equity ratio of 315.13, a quick ratio of 5.70 and a current ratio of 8.32. The company has a market capitalization of C$9.68 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 2.97 and a beta of 0.83. The company has a 50-day simple moving average of C$23.63 and a 200 day simple moving average of C$22.67.

Element Fleet Management (TSE:EFN) last released its quarterly earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 earnings per share for the quarter, beating the consensus estimate of C$0.31 by C$0.05. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. The firm had revenue of C$353.83 million for the quarter, compared to analysts’ expectations of C$333.85 million. Sell-side analysts forecast that Element Fleet Management will post 1.5226286 earnings per share for the current year.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. Element Fleet Management’s dividend payout ratio is currently 39.67%.

Insider Activity at Element Fleet Management

In other news, Director George Keith Graham sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total transaction of C$617,500.00. In other news, Director George Keith Graham sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$24.70, for a total transaction of C$617,500.00. Also, Senior Officer James Halliday sold 11,174 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$25.00, for a total transaction of C$279,350.00. In the last three months, insiders bought 5,550 shares of company stock valued at $132,034 and sold 68,974 shares valued at $1,716,749. 0.23% of the stock is currently owned by corporate 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.