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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$27.63.

EFN has been the topic of several recent research reports. Veritas Investment Research reissued a “reduce” rating on shares of Element Fleet Management in a research report on Thursday, February 29th. Scotiabank boosted their price target on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. TD Securities boosted their price target on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. BMO Capital Markets boosted their price target on shares of Element Fleet Management from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Raymond James upped their target price on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 28th.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$23.01, for a total transaction of C$774,608.64. In other news, 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 purchased 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 that occurred on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total transaction of C$774,608.64. Insiders own 0.24% of the company’s stock.

Element Fleet Management Price Performance

Element Fleet Management stock opened at C$22.09 on Thursday. Element Fleet Management has a 52-week low of C$17.00 and a 52-week high of C$23.46. The firm has a market capitalization of C$8.60 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.97 and a beta of 0.84. The company has a fifty day simple moving average of C$22.51 and a 200-day simple moving average of C$21.27. The company has a quick ratio of 5.70, a current ratio of 6.78 and a debt-to-equity ratio of 280.50.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.01. The firm had revenue of C$333.36 million for the quarter, compared to analysts’ expectations of C$334.92 million. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. On average, equities analysts anticipate that Element Fleet Management will post 1.4295866 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.12 per share. 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 2.17%. Element Fleet Management’s dividend payout ratio (DPR) is presently 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.