Element Fleet Management (TSE:EFN) Price Target Raised to C$37.00

by · The Cerbat Gem

Element Fleet Management (TSE:EFN – Free Report) had its target price raised by National Bankshares from C$34.00 to C$37.00 in a report published on Friday morning, BayStreet.CA reports.

A number of other brokerages have also recently commented on EFN. TD Securities boosted their price target on shares of Element Fleet Management from C$30.00 to C$32.00 in a research note on Friday, September 20th. BMO Capital Markets raised their price target on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Royal Bank of Canada boosted their price objective on shares of 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. Jefferies Financial Group raised their target price on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a buy rating in a research report on Tuesday, July 30th. Finally, Raymond James upped their target price on 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. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$31.88.

Check Out Our Latest Stock Report on EFN

Element Fleet Management Stock Performance

Element Fleet Management stock opened at C$28.49 on Friday. The firm’s 50 day simple moving average is C$27.14 and its 200 day simple moving average is C$24.67. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. Element Fleet Management has a 1-year low of C$18.50 and a 1-year high of C$28.89. The firm has a market capitalization of C$11.50 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management (TSE:EFN – Get Free Report) last announced its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share 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 the consensus estimate of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. As a group, analysts expect that Element Fleet Management will post 1.6895933 earnings per share for the current fiscal year.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. Element Fleet Management’s dividend payout ratio (DPR) is presently 38.10%.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.23% of the stock is currently owned by company insiders.

Element Fleet Management Company Profile

(Get Free Report)

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.

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