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

Shares of Element Fleet Management Corp. (TSE:EFN) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$31.25.

A number of research firms recently commented on EFN. Royal Bank of Canada lifted their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Scotiabank boosted their price target on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. CIBC boosted their price target on Element Fleet Management from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. National Bankshares boosted their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Finally, Raymond James boosted their price target on Element Fleet Management from C$29.00 to C$30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 14th.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.23% of the company’s stock.

Element Fleet Management Price Performance

Element Fleet Management stock opened at C$28.08 on Thursday. The stock’s 50 day moving average is C$26.84 and its 200 day moving average is C$24.41. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The firm has a market cap of C$11.33 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a one year low of C$18.50 and a one year high of C$28.89.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.03. The company had revenue of C$375.68 million for the quarter, compared to analyst estimates of C$368.46 million. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. As a group, research analysts expect that Element Fleet Management will post 1.6868327 EPS for the current year.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. Element Fleet Management’s dividend payout ratio is 37.80%.

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.