Element Fleet Management Corp. (TSE:EFN) Given Average Recommendation of “Moderate Buy” by Analysts

Element Fleet Management Corp. (TSE:EFN) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$33.50.

A number of research analysts have recently weighed in on the company. National Bankshares lifted their price target on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. CIBC increased their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Scotiabank dropped their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Finally, TD Securities lifted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of C$28.92 per share, for a total transaction of C$97,618.50. Also, Senior Officer James Halliday sold 33,664 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$30.00, for a total value of C$1,009,920.00. Over the last quarter, insiders purchased 19,625 shares of company stock valued at $562,999 and sold 38,948 shares valued at $1,154,902. Insiders own 0.26% of the company’s stock.

Element Fleet Management Trading Down 0.7 %

TSE EFN opened at C$28.99 on Friday. The firm’s 50 day moving average price is C$29.10 and its two-hundred day moving average price is C$27.43. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a twelve month low of C$21.08 and a twelve month high of C$30.49. The stock has a market cap of C$11.70 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.66%. Element Fleet Management’s dividend payout ratio (DPR) is currently 37.50%.

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.