Analysts Set Element Fleet Management Corp. (TSE:EFN) PT at C$33.50

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$33.50.

Several research firms have commented on EFN. CIBC lifted their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Scotiabank dropped their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. TD Securities increased their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Jefferies Financial Group lowered Element Fleet Management from a "buy" rating to a "hold" rating and dropped their target price for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada increased their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a report on Wednesday, August 14th.

Insider Activity at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the business's stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$27.67 per share, with a total value of C$498,074.40. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of Element Fleet Management stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of C$28.92 per share, with a total value of C$97,618.50. Insiders have bought a total of 22,075 shares of company stock worth $615,202 over the last quarter. Insiders own 0.26% of the company's stock.

Element Fleet Management Price Performance

Shares of EFN traded down C$0.04 during mid-day trading on Tuesday, hitting C$30.16. 1,432,855 shares of the stock were exchanged, compared to its average volume of 566,963. 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 company has a market cap of C$12.17 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 52-week low of C$20.94 and a 52-week high of C$30.36. The firm has a 50-day moving average of C$28.86 and a two-hundred day moving average of C$26.65.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management's dividend payout ratio is presently 37.50%.

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.