Element Fleet Management Corp. (TSE:EFN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Element Fleet Management Corp. (TSE:EFN) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$27.63.

A number of brokerages have recently issued reports on EFN. Veritas Investment Research reiterated a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th. BMO Capital Markets lifted their price target on Element Fleet Management from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Scotiabank upgraded Element Fleet Management from a “sector perform” rating to an “outperform” rating and set a C$26.00 price target on the stock in a research report on Tuesday, April 30th. TD Securities lifted their target price on Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Raymond James increased their price target on Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 28th.

Insider Activity at Element Fleet Management

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

Element Fleet Management Stock Performance

EFN opened at C$22.84 on Friday. The company has a debt-to-equity ratio of 280.50, a current ratio of 6.78 and a quick ratio of 5.70. The stock has a market cap of C$8.89 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.97 and a beta of 0.84. Element Fleet Management has a 1-year low of C$18.50 and a 1-year high of C$23.46. The stock’s 50 day simple moving average is C$22.05 and its 200 day simple moving average is C$21.76.

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 for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. The business had revenue of C$333.36 million during the quarter, compared to analysts’ expectations of C$334.92 million. As a group, equities analysts anticipate that Element Fleet Management will post 1.4296824 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, March 27th. Element Fleet Management’s dividend payout ratio is 43.24%.

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.