Element Fleet Management Corp. (TSE:EFN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$32.25.

EFN has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. TD Securities raised their price target on Element Fleet Management from C$30.00 to C$32.00 in a research note on Friday, September 20th. National Bankshares boosted their price target on Element Fleet Management from C$34.00 to C$37.00 in a research report on Friday, September 27th. BMO Capital Markets increased their price objective on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Finally, CIBC boosted their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday.

Element Fleet Management Stock Down 1.5 %

Shares of Element Fleet Management stock opened at C$28.49 on Friday. Element Fleet Management has a 52-week low of C$18.59 and a 52-week high of C$30.04. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The business’s 50 day simple moving average is C$28.47 and its 200 day simple moving average is C$25.77. The firm has a market cap of C$11.50 billion, a PE ratio of 22.26, a P/E/G ratio of 2.97 and a beta of 0.91.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.03. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. The company had revenue of C$375.68 million for the quarter, compared to the consensus estimate of C$368.46 million. On average, analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 annualized dividend and a dividend yield of 1.68%. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Insider Activity

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Insiders own 0.26% of the company’s stock.

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.