Element Fleet Management (TSE:EFN) Price Target Increased to C$32.00 by Analysts at TD Securities

Element Fleet Management (TSE:EFN) had its target price hoisted by TD Securities from C$30.00 to C$32.00 in a research note released on Friday morning, BayStreet.CA reports.

EFN has been the topic of a number of other research reports. 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 research note on Tuesday, July 30th. Raymond James upped their price target on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the company a strong-buy rating in a research report on Wednesday, August 14th. BMO Capital Markets raised their price objective on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Royal Bank of Canada raised their target price on 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. Finally, Scotiabank raised their target price on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$31.50.

Element Fleet Management Stock Down 0.1 %

EFN opened at C$28.37 on Friday. The stock has a market cap of C$11.45 billion, a PE ratio of 22.34, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. Element Fleet Management has a 52 week low of C$18.50 and a 52 week high of C$28.89. The business’s fifty day simple moving average is C$26.96 and its 200 day simple moving average is C$24.49.

Element Fleet Management (TSE:EFN) last released its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.03. The business had revenue of C$375.68 million for the quarter, compared to analysts’ expectations of C$368.46 million. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. As a group, research analysts expect that Element Fleet Management will post 1.6868327 earnings per share for the current fiscal year.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. Element Fleet Management’s payout ratio is 37.80%.

Insider Buying and Selling

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. 0.23% of the stock is owned by company insiders.

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.