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

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$34.00.

EFN has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday. Raymond James lifted their price target on Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. National Bankshares dropped their price objective on 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. CIBC boosted their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th.

Element Fleet Management Price Performance

EFN stock opened at C$30.93 on Friday. The company's 50-day moving average price is C$28.76 and its two-hundred day moving average price is C$28.89. The firm has a market cap of C$8.86 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 12 month low of C$21.20 and a 12 month high of C$31.25.

Element Fleet Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Element Fleet Management's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. Element Fleet Management's payout ratio is presently 39.84%.

Insider Buying and Selling at Element Fleet Management

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

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.

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