Element Fleet Management (TSE:EFN) Price Target Raised to C$34.00 at Raymond James

Element Fleet Management (TSE:EFN) had its price objective boosted by Raymond James from C$30.00 to C$34.00 in a report published on Thursday,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the stock. CIBC raised 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. BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. TD Securities upped their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday. National Bankshares raised their target price on Element Fleet Management from C$34.00 to C$37.00 in a research note on Friday, September 27th. Finally, Jefferies Financial Group upped their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$33.50.

Element Fleet Management Price Performance

Shares of EFN stock opened at C$27.11 on Thursday. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The firm has a market cap of C$10.94 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91. The business’s 50 day moving average price is C$28.66 and its 200-day moving average price is C$26.33. Element Fleet Management has a fifty-two week low of C$20.62 and a fifty-two week high of C$30.04.

Element Fleet Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.26% 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.