Element Fleet Management (TSE:EFN) PT Raised to C$34.00

Element Fleet Management (TSE:EFN) had its price target upped by National Bankshares from C$33.00 to C$34.00 in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. CIBC lifted their price objective on shares of Element Fleet Management from C$28.00 to C$30.00 and gave the stock an outperform rating in a research note on Monday, July 29th. TD Securities lifted their price target on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the stock a buy rating in a research report on Wednesday, May 15th. BMO Capital Markets raised their price objective on Element Fleet Management from C$26.00 to C$28.00 in a research note on Thursday, May 16th. Scotiabank increased their price target on Element Fleet Management from C$27.00 to C$28.00 in a report on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their price objective on Element Fleet Management from C$28.00 to C$31.00 and gave the company a buy rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Element Fleet Management currently has an average rating of Moderate Buy and an average target price of C$31.25.

Element Fleet Management Trading Up 0.5 %

TSE EFN opened at C$27.29 on Wednesday. The company has a current ratio of 8.32, a quick ratio of 5.70 and a debt-to-equity ratio of 315.13. Element Fleet Management has a 12 month low of C$18.50 and a 12 month high of C$27.44. The company has a market capitalization of C$10.61 billion, a PE ratio of 22.37, a P/E/G ratio of 2.97 and a beta of 0.90. The stock has a 50-day simple moving average of C$25.44 and a 200 day simple moving average of C$23.62.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. Element Fleet Management’s dividend payout ratio is currently 39.34%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer William Sutherland purchased 4,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were purchased at an average cost of C$24.90 per share, for a total transaction of C$99,594.00. In related news, Senior Officer William Sutherland acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of C$24.90 per share, for a total transaction of C$99,594.00. Also, Senior Officer James Halliday sold 11,174 shares of Element Fleet Management stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$25.00, for a total value of C$279,350.00. Over the last 90 days, insiders have acquired 5,550 shares of company stock valued at $132,034 and have sold 68,874 shares valued at $1,714,350. 0.22% of the stock is currently owned by insiders.

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.