Element Fleet Management Corp. (TSE:EFN) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have received an average rating of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$33.50.

EFN has been the topic of a number of research analyst reports. National Bankshares boosted their price target on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. CIBC boosted their target price on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Jefferies Financial Group lowered Element Fleet Management from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. Raymond James boosted their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. Finally, Scotiabank dropped their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th.

Element Fleet Management Trading Up 1.3 %

Element Fleet Management stock traded up C$0.38 during trading hours on Friday, reaching C$28.90. The stock had a trading volume of 1,616,306 shares, compared to its average volume of 572,778. The stock has a market cap of C$11.66 billion, a PE ratio of 22.58, a PEG ratio of 2.97 and a beta of 0.91. The company has a fifty day simple moving average of C$29.12 and a 200-day simple moving average of C$27.36. 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 52 week low of C$20.94 and a 52 week high of C$30.49.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. Element Fleet Management's payout ratio is 37.50%.

Insider Buying and Selling

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Also, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total value of C$142,480.00. Over the last quarter, insiders have acquired 17,125 shares of company stock valued at $491,049 and have sold 38,948 shares valued at $1,154,902. 0.26% of the stock is currently owned by insiders.

About Element Fleet Management

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.