Element Fleet Management Corp. (TSE:EFN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Element Fleet Management Corp. (TSE:EFN) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$27.63.

EFN has been the subject of a number of research analyst reports. Veritas Investment Research reissued a “reduce” rating on shares of Element Fleet Management in a research report on Thursday, February 29th. TD Securities increased their price target on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Raymond James increased their price target on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 28th. BMO Capital Markets increased their price target on shares of Element Fleet Management from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Scotiabank increased their price target on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th.

Insider Activity at Element Fleet Management

In other Element Fleet Management news, Senior Officer Yu Xiang Jin acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of C$22.02 per share, with a total value of C$55,050.00. In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total transaction of C$774,608.64. Also, Senior Officer Yu Xiang Jin purchased 2,500 shares of the stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$22.02 per share, for a total transaction of C$55,050.00. Insiders own 0.24% of the company’s stock.

Element Fleet Management Stock Performance

Shares of EFN opened at C$22.09 on Thursday. Element Fleet Management has a one year low of C$17.00 and a one year high of C$23.46. The company has a 50-day moving average of C$22.51 and a two-hundred day moving average of C$21.27. The stock has a market cap of C$8.60 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.97 and a beta of 0.84. The company has a debt-to-equity ratio of 280.50, a current ratio of 6.78 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. The business had revenue of C$333.36 million during the quarter, compared to analyst estimates of C$334.92 million. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. On average, equities research analysts expect that Element Fleet Management will post 1.4295866 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, March 27th. Element Fleet Management’s payout ratio is presently 43.24%.

Element Fleet Management Company Profile

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.