Analysts Set Element Fleet Management Corp. (TSE:EFN) Price Target at C$41.88

Element Fleet Management Corp. (TSE:EFN) has been given an average rating of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$41.88.

A number of research analysts have recently weighed in on the stock. TD reduced their target price on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Jefferies Financial Group raised shares of Element Fleet Management from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. National Bank Financial increased their target price on shares of 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. Raymond James Financial downgraded shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from C$42.50 to C$42.00 in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their target price on shares of Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, May 8th.

Element Fleet Management Trading Down 0.8%

Shares of EFN stock opened at C$26.00 on Friday. Element Fleet Management has a 52-week low of C$25.32 and a 52-week high of C$38.26. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01. The company has a 50-day simple moving average of C$29.95 and a two-hundred day simple moving average of C$33.01. The company has a market capitalization of C$10.30 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.97 and a beta of 0.32.

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

Element Fleet Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Element Fleet Management’s dividend payout ratio 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.