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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$27.63.

Several equities analysts recently commented on the company. Veritas Investment Research reissued a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th. TD Securities lifted 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. CIBC raised their price target on Element Fleet Management from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Scotiabank increased their price target on Element Fleet Management from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Finally, Raymond James increased their target price on Element Fleet Management from C$26.00 to C$29.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 28th.

Element Fleet Management Stock Performance

Element Fleet Management stock opened at C$21.54 on Monday. Element Fleet Management has a 1-year low of C$17.00 and a 1-year high of C$23.46. The stock has a market cap of C$8.38 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.97 and a beta of 0.84. The firm has a 50 day simple moving average of C$22.29 and a 200-day simple moving average of C$21.45. The company has a debt-to-equity ratio of 280.50, a current ratio of 6.78 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN) last announced its earnings results 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 company had revenue of C$333.36 million for the quarter, compared to analyst estimates of C$334.92 million. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. On average, analysts expect that Element Fleet Management will post 1.4296824 EPS for the current year.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Element Fleet Management’s payout ratio is currently 43.24%.

Insiders Place Their Bets

In related news, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. In related news, Senior Officer Yu Xiang Jin purchased 2,500 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost 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 on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. 0.24% of the stock is owned by company insiders.

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.