TD Securities Forecasts Strong Price Appreciation for Element Fleet Management (TSE:EFN) Stock

Element Fleet Management (TSE:EFN) had its price target lifted by TD Securities from C$32.00 to C$33.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also issued reports on EFN. Jefferies Financial Group increased their target price on Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. BMO Capital Markets raised their price objective on Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. Scotiabank upped their target price on Element Fleet Management from C$27.00 to C$28.00 in a report on Wednesday, July 24th. Raymond James raised their price target on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 14th. Finally, National Bankshares increased their target price on shares of Element Fleet Management from C$34.00 to C$37.00 in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Trading Up 0.1 %

Shares of EFN opened at C$27.11 on Thursday. The business’s 50-day moving average price is C$28.66 and its 200 day moving average price is C$26.33. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The stock has a market capitalization 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. Element Fleet Management has a 1-year low of C$20.62 and a 1-year high of C$30.04.

Element Fleet Management Announces Dividend

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

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company’s stock in a transaction that occurred on 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.