TD Securities Issues Positive Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its price target upped by TD Securities from C$32.00 to C$33.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also commented on the company. CIBC lifted their price target on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. National Bankshares upped their price target on shares of Element Fleet Management from C$34.00 to C$37.00 in a research report on Friday, September 27th. Jefferies Financial Group lifted their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada increased their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Element Fleet Management currently has an average rating of “Moderate Buy” and a consensus price target of C$33.63.

Element Fleet Management Price Performance

EFN stock traded up C$0.43 during trading on Thursday, reaching C$27.50. 193,237 shares of the company were exchanged, compared to its average volume of 543,230. Element Fleet Management has a twelve month low of C$20.62 and a twelve month high of C$30.04. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The company has a market capitalization of C$11.10 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a 50-day moving average of C$28.68 and a two-hundred day moving average of C$26.22.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.03. The company had revenue of C$375.68 million during the quarter, compared to analysts’ expectations of C$368.46 million. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. As a group, equities analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio is 37.50%.

Insider Activity at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is owned by corporate 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.