Element Fleet Management Corp. (TSE:EFN) Receives Average Rating of "Buy" from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have received a consensus rating of "Buy" from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$34.00.

A number of research firms have recently issued reports on EFN. CIBC increased their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Raymond James raised their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. Finally, National Bankshares lowered their price target on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of C$27.78 per share, for a total transaction of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Corporate insiders own 0.26% of the company's stock.

Element Fleet Management Trading Down 0.8 %

Shares of TSE EFN traded down C$0.23 during trading hours on Monday, reaching C$29.46. The stock had a trading volume of 631,946 shares, compared to its average volume of 587,836. The business's fifty day moving average price is C$28.55 and its two-hundred day moving average price is C$28.81. The firm has a market cap of C$8.44 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 52-week low of C$21.20 and a 52-week high of C$30.49. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64.

Element Fleet Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.13 per share. This is a boost from Element Fleet Management's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.77%. Element Fleet Management's dividend payout ratio is presently 39.84%.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.