Element Fleet Management (TSE:EFN) Stock Price Expected to Rise, Raymond James Analyst Says

Element Fleet Management (TSE:EFN) had its price objective upped by Raymond James from C$30.00 to C$34.00 in a report issued on Thursday,BayStreet.CA reports.

Several other analysts have also recently weighed in on EFN. Jefferies Financial Group upped their price objective 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. 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. CIBC lifted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. National Bankshares upped their price target on Element Fleet Management from C$34.00 to C$37.00 in a report on Friday, September 27th. Finally, Royal Bank of Canada increased their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Element Fleet Management has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Price Performance

Shares of EFN stock opened at C$27.11 on Thursday. The company has a market cap 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. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The business has a fifty day simple moving average of C$28.66 and a 200 day simple moving average of C$26.30. Element Fleet Management has a twelve month low of C$20.62 and a twelve month high of C$30.04.

Element Fleet Management Dividend Announcement

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

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of C$27.67 per share, with a total value of C$498,074.40. Corporate insiders own 0.26% of the company’s stock.

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.