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

Element Fleet Management Corp. (TSE:EFN) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$28.50.

Several equities analysts have recently issued reports on the company. Scotiabank boosted their target price on Element Fleet Management from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. TD Securities boosted their target price on Element Fleet Management from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. National Bankshares upped their price target on Element Fleet Management from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. BMO Capital Markets upped their price target on Element Fleet Management from C$26.00 to C$28.00 in a research note on Thursday, May 16th. Finally, CIBC upped their price target on Element Fleet Management from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th.

Element Fleet Management Price Performance

Shares of Element Fleet Management stock opened at C$25.19 on Friday. The company has a debt-to-equity ratio of 315.13, a current ratio of 8.32 and a quick ratio of 5.70. The business’s 50 day simple moving average is C$23.84 and its two-hundred day simple moving average is C$22.74. The stock has a market capitalization of C$9.79 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.83. Element Fleet Management has a one year low of C$18.50 and a one year high of C$25.35.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.31 by C$0.05. Element Fleet Management had a return on equity of 12.40% and a net margin of 23.30%. The firm had revenue of C$353.83 million for the quarter, compared to analysts’ expectations of C$333.85 million. Analysts forecast that Element Fleet Management will post 1.5226286 EPS for the current year.

Element Fleet Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, June 28th. Element Fleet Management’s dividend payout ratio (DPR) is 39.67%.

Insiders Place Their Bets

In related news, Senior Officer William Sutherland bought 4,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average cost of C$24.90 per share, with a total value of C$99,594.00. In related news, Senior Officer William Sutherland bought 4,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average cost of C$24.90 per share, with a total value of C$99,594.00. Also, Director George Keith Graham sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total value of C$617,500.00. Over the last three months, insiders have purchased 5,550 shares of company stock valued at $132,034 and have sold 68,974 shares valued at $1,716,749. Corporate insiders own 0.23% of the company’s stock.

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.