Element Fleet Management (TSE:EFN) Price Target Cut to C$30.00 by Analysts at Jefferies Financial Group

Element Fleet Management (TSE:EFN) had its target price cut by Jefferies Financial Group from C$31.00 to C$30.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on EFN. Raymond James lifted their price objective on Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. National Bankshares dropped their price target on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, CIBC increased their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Element Fleet Management presently has a consensus rating of “Buy” and a consensus target price of C$34.00.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock opened at C$29.84 on Monday. The stock has a market cap of C$8.55 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. Element Fleet Management has a twelve month low of C$21.20 and a twelve month high of C$30.49. The company’s fifty day moving average is C$28.65 and its 200 day moving average is C$28.85.

Element Fleet Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.74%. This is a positive change from Element Fleet Management’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. Element Fleet Management’s payout ratio is presently 39.84%.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of C$27.78 per share, with a total value of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Corporate insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.