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

Shares of Element Fleet Management Corp. (TSE:EFN) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$34.38.

A number of research analysts have recently weighed in on the company. National Bankshares cut their price objective on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Raymond James raised their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. Keefe, Bruyette & Woods raised Element Fleet Management to a “hold” rating in a report on Sunday, April 20th. Jefferies Financial Group lowered their target price on Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. Finally, BMO Capital Markets raised their target price on shares of Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd.

Element Fleet Management Trading Down 0.9%

Shares of EFN opened at C$32.38 on Friday. The firm has a market cap of C$9.28 billion, a P/E ratio of 26.87, 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 current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a 1 year low of C$23.71 and a 1 year high of C$33.17. The company has a 50 day simple moving average of C$31.26 and a two-hundred day simple moving average of C$29.61.

Element Fleet Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. This is an increase from Element Fleet Management’s previous quarterly dividend of $0.12. Element Fleet Management’s payout ratio is currently 39.84%.

Insider Activity at Element Fleet Management

In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of C$31.58 per share, for a total transaction of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total value of C$314,777.10. 0.26% of the stock is currently owned by insiders.

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.