Element Fleet Management Corp (TSE:EFN) – Research analysts at Raymond James upped their Q3 2021 earnings estimates for shares of Element Fleet Management in a research report issued on Thursday, November 7th. Raymond James analyst B. Phelan now anticipates that the financial services provider will post earnings of $0.29 per share for the quarter, up from their prior estimate of $0.28. Raymond James currently has a “Strong-Buy” rating and a $14.50 target price on the stock. Raymond James also issued estimates for Element Fleet Management’s FY2021 earnings at $1.16 EPS.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada boosted their price target on Element Fleet Management from C$14.00 to C$15.00 and gave the stock a “top pick” rating in a report on Thursday. CIBC boosted their price target on Element Fleet Management from C$12.00 to C$15.00 in a report on Friday. BMO Capital Markets boosted their price target on Element Fleet Management from C$12.00 to C$13.00 in a report on Friday. National Bank Financial boosted their price target on Element Fleet Management from C$12.00 to C$15.00 in a report on Thursday. Finally, TD Securities boosted their price target on Element Fleet Management from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$14.25.

TSE EFN opened at C$11.30 on Friday. The stock’s 50 day moving average is C$10.85 and its 200 day moving average is C$10.15. The company has a current ratio of 9.60, a quick ratio of 9.25 and a debt-to-equity ratio of 331.15. Element Fleet Management has a 12 month low of C$6.03 and a 12 month high of C$11.97. The stock has a market cap of $4.99 billion and a PE ratio of -23.64.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.59%. Element Fleet Management’s dividend payout ratio is presently -43.93%.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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Earnings History and Estimates for Element Fleet Management (TSE:EFN)

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