Element Fleet Management Corp. (TSE:EFN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Element Fleet Management Corp. (TSE:EFN) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$33.50.

Several equities analysts have issued reports on EFN shares. TD Securities raised their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets increased their target price on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Royal Bank of Canada increased their target price on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. National Bankshares increased their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Finally, Raymond James increased their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th.

Insider Activity at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of Element Fleet Management stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of C$28.92 per share, for a total transaction of C$97,618.50. Also, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of C$27.67 per share, with a total value of C$498,074.40. Insiders bought a total of 22,075 shares of company stock worth $615,202 over the last 90 days. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$30.20 on Tuesday. The stock’s 50-day moving average is C$28.83 and its two-hundred day moving average is C$26.63. The firm has a market cap of C$12.19 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1 year low of C$20.94 and a 1 year high of C$30.36. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given 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 yield of 1.59%. Element Fleet Management’s payout ratio is currently 37.50%.

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.