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

Shares of Element Fleet Management Corp. (TSE:EFN) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$34.38.

A number of brokerages recently issued reports on EFN. BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. 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 for the company in a research note on Thursday, February 27th. CIBC lifted their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Raymond James boosted their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods raised Element Fleet Management to a “hold” rating in a research report on Sunday, April 20th.

Element Fleet Management Stock Up 0.9%

Shares of TSE:EFN opened at C$32.58 on Tuesday. Element Fleet Management has a 52-week low of C$23.50 and a 52-week high of C$32.64. The company has a market capitalization of C$9.34 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The company has a fifty day moving average of C$29.68 and a 200-day moving average of C$29.14.

Element Fleet Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Element Fleet Management’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. Element Fleet Management’s payout ratio is currently 39.84%.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of C$27.06 per share, for a total transaction of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of C$27.78 per share, for a total transaction of C$499,991.40. Over the last three months, insiders have acquired 24,407 shares of company stock valued at $692,783. 0.26% of the stock is currently owned by company insiders.

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.