Element Fleet Management (TSE:EFN) Price Target Raised to C$33.00

Element Fleet Management (TSE:EFN) had its price target raised by TD Securities from C$32.00 to C$33.00 in a research report sent to investors on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the financial services provider’s stock.

EFN has been the topic of several other research reports. Raymond James raised their price objective on Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their target price on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. CIBC lifted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. Finally, Jefferies Financial Group raised their target price on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$33.50.

Element Fleet Management Stock Performance

TSE:EFN opened at C$27.11 on Thursday. Element Fleet Management has a twelve month low of C$20.62 and a twelve month high of C$30.04. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The firm has a 50-day moving average price of C$28.66 and a two-hundred day moving average price of C$26.33. The company has a market capitalization of C$10.94 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is currently owned by corporate insiders.

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.