Element Fleet Management (TSE:EFN) Given New C$39.00 Price Target at National Bankshares

Element Fleet Management (TSE:EFN) had its price objective lifted by National Bankshares from C$37.00 to C$39.00 in a research report report published on Thursday morning,BayStreet.CA reports.

EFN has been the topic of a number of other research reports. CIBC lifted their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Raymond James lifted their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday. 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. Jefferies Financial Group boosted their target price on Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Scotiabank decreased their price target on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Element Fleet Management has an average rating of “Moderate Buy” and an average target price of C$33.50.

Element Fleet Management Trading Up 0.1 %

Shares of TSE EFN opened at C$27.11 on Thursday. The business has a fifty day moving average price of C$28.66 and a 200 day moving average price of C$26.33. Element Fleet Management has a 1-year low of C$20.62 and a 1-year 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 stock has a market capitalization of C$10.94 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Insider Buying and Selling

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

About Element Fleet Management

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.