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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Buy” by the seven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$34.00.

Several analysts have recently issued reports on the stock. National Bankshares lowered their price objective on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. CIBC boosted their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Raymond James upped their price target on Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th.

Insider Transactions at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of C$27.06 per share, with a total value of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of C$27.78 per share, for a total transaction of C$499,991.40. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$28.70 on Monday. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The firm has a market capitalization of C$8.23 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a one year low of C$21.20 and a one year high of C$30.49. The company has a 50 day moving average price of C$28.54 and a 200 day moving average price of C$28.78.

Element Fleet Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Element Fleet Management’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.81%. Element Fleet Management’s dividend payout ratio (DPR) is 39.84%.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.