Brokerages Set Element Fleet Management Corp. (TSE:EFN) Target Price at C$27.63

Shares of Element Fleet Management Corp. (TSE:EFN) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$27.63.

EFN has been the topic of a number of research analyst reports. Raymond James boosted their price objective on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 28th. Scotiabank boosted their target price on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Veritas Investment Research restated a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th. TD Securities boosted their target price on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada boosted their target price on shares of Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, January 4th.

Element Fleet Management Stock Down 0.1 %

Shares of Element Fleet Management stock opened at C$21.50 on Monday. The company has a current ratio of 6.78, a quick ratio of 5.70 and a debt-to-equity ratio of 280.50. The company’s fifty day simple moving average is C$22.19 and its two-hundred day simple moving average is C$21.52. The company has a market cap of C$8.37 billion, a P/E ratio of 19.37, a PEG ratio of 2.97 and a beta of 0.84. Element Fleet Management has a 12-month low of C$17.00 and a 12-month high of C$23.46.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. The business had revenue of C$333.36 million for the quarter, compared to the consensus estimate of C$334.92 million. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. Research analysts anticipate that Element Fleet Management will post 1.4296824 EPS for the current year.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, March 27th. Element Fleet Management’s dividend payout ratio (DPR) is 43.24%.

Insider Activity at Element Fleet Management

In other news, Senior Officer Yu Xiang Jin acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of C$22.02 per share, with a total value of C$55,050.00. In related news, Senior Officer Yu Xiang Jin bought 2,500 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average price of C$22.02 per share, for a total transaction of C$55,050.00. Also, Senior Officer James Halliday sold 33,664 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$23.01, for a total transaction of C$774,608.64. 0.24% of the stock is currently owned by insiders.

About Element Fleet Management

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.