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

Element Fleet Management Corp. (TSE:EFN) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$33.50.

EFN has been the topic of a number of recent research reports. Raymond James boosted their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. BMO Capital Markets upped their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. CIBC raised their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their target price for the company from C$32.00 to C$30.00 in a report on Friday, November 15th. Finally, TD Securities raised their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

Element Fleet Management Stock Performance

Shares of TSE:EFN opened at C$30.20 on Tuesday. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management has a 1 year low of C$20.94 and a 1 year high of C$30.36. The firm has a market capitalization of C$12.19 billion, a PE ratio of 23.59, a P/E/G ratio of 2.97 and a beta of 0.91. The business’s 50 day moving average price is C$28.83 and its 200-day moving average price is C$26.63.

Element Fleet Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of C$27.67 per share, with a total value of C$498,074.40. Also, Senior Officer Carlos David Madrigal Gonzalez bought 3,375 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of C$28.92 per share, for a total transaction of C$97,618.50. Insiders have bought 22,075 shares of company stock worth $615,202 over the last ninety days. Corporate 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.