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

Element Fleet Management Corp. (TSE:EFN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$32.25.

Several equities analysts have recently commented on the company. National Bankshares boosted their price objective on Element Fleet Management from C$34.00 to C$37.00 in a research report on Friday, September 27th. Royal Bank of Canada upped their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. TD Securities raised their price target on shares of Element Fleet Management from C$30.00 to C$32.00 in a research report on Friday, September 20th. CIBC lifted their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday. Finally, Raymond James upped 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 at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company's stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is currently owned by insiders.

Element Fleet Management Price Performance

Shares of TSE:EFN traded up C$0.04 during trading hours on Friday, hitting C$28.53. 411,411 shares of the company's stock traded hands, compared to its average volume of 537,837. The company has a market cap of C$11.51 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company's fifty day simple moving average is C$28.47 and its two-hundred day simple moving average is C$25.77. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a 52 week low of C$18.92 and a 52 week high of C$30.04.

Element Fleet Management (TSE:EFN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating analysts' consensus estimates of C$0.37 by C$0.03. The firm 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, equities analysts anticipate that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. Element Fleet Management's payout ratio is 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.