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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$34.00.

A number of research firms recently weighed in on EFN. Raymond James lifted their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. National Bankshares decreased their price target on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, CIBC boosted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th.

Element Fleet Management Price Performance

Shares of TSE:EFN opened at C$28.47 on Monday. The company has a market capitalization of C$8.16 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1-year low of C$21.20 and a 1-year high of C$30.49. The firm’s 50 day simple moving average is C$28.53 and its two-hundred day simple moving average is C$28.81. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70.

Element Fleet Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.13 per share. This is a positive change from Element Fleet Management’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. Element Fleet Management’s dividend payout ratio (DPR) is presently 39.84%.

Insider Buying and Selling

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of C$27.06 per share, with a total value of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of C$27.78 per share, with a total value of C$499,991.40. 0.26% of the stock is owned by company insiders.

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.