Element Fleet Management (TSE:EFN) Reaches New 1-Year High at $15.06

Element Fleet Management Corp. (TSE:EFNGet Rating) reached a new 52-week high on Thursday . The stock traded as high as C$15.06 and last traded at C$15.03, with a volume of 479794 shares trading hands. The stock had previously closed at C$14.84.

Wall Street Analysts Forecast Growth

EFN has been the topic of several research analyst reports. Scotiabank increased their price target on Element Fleet Management from C$15.50 to C$16.00 in a report on Thursday, May 12th. Raymond James increased their price target on Element Fleet Management from C$13.25 to C$14.00 and gave the company a “market perform” rating in a report on Tuesday, May 10th. National Bankshares increased their price target on Element Fleet Management from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, May 10th. TD Securities increased their price target on Element Fleet Management from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Tuesday, May 10th. Finally, BMO Capital Markets lowered their price target on Element Fleet Management from C$14.50 to C$13.50 in a report on Tuesday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$16.00.

Element Fleet Management Trading Down 0.3 %

The stock has a fifty day moving average of C$13.86 and a 200 day moving average of C$12.90. The company has a market capitalization of C$6.02 billion and a P/E ratio of 19.88. The company has a debt-to-equity ratio of 236.53, a quick ratio of 6.73 and a current ratio of 7.17.

Element Fleet Management (TSE:EFNGet Rating) last announced its earnings results on Monday, May 9th. The financial services provider reported C$0.24 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.04. The company had revenue of C$260.80 million during the quarter, compared to the consensus estimate of C$239.00 million. As a group, equities research analysts anticipate that Element Fleet Management Corp. will post 1.068514 EPS for the current fiscal year.

Element Fleet Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 15th were issued a dividend of $0.0775 per share. The ex-dividend date was Wednesday, June 29th. This is a boost from Element Fleet Management’s previous quarterly dividend of $0.07. This represents a $0.31 dividend on an annualized basis and a yield of 2.05%. Element Fleet Management’s dividend payout ratio (DPR) is currently 37.50%.

Element Fleet Management Company Profile

(Get Rating)

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

Further Reading

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