Element Fleet Management (TSE:EFN) Price Target Lowered to C$38.00 at TD

Element Fleet Management (TSE:EFN) had its target price reduced by TD from C$41.00 to C$38.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms also recently issued reports on EFN. National Bank Financial upped their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. TD Securities dropped their target price on Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. Royal Bank Of Canada set a C$47.00 target price on Element Fleet Management and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Raymond James Financial lowered Element Fleet Management from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from C$42.50 to C$42.00 in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$41.88.

Element Fleet Management Stock Down 3.1%

Element Fleet Management stock opened at C$28.00 on Friday. The company has a debt-to-equity ratio of 358.10, a current ratio of -1,554.01 and a quick ratio of 5.70. The stock has a market capitalization of C$11.09 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.97 and a beta of 0.32. Element Fleet Management has a 1-year low of C$27.83 and a 1-year high of C$38.26. The business has a fifty day moving average price of C$31.58 and a 200-day moving average price of C$34.34.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. The firm had revenue of C$879.58 million during the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. Equities research analysts forecast that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, March 31st. Element Fleet Management’s dividend payout ratio (DPR) is currently 52.84%.

Element Fleet Management Company Profile

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.