National Bankshares Issues Positive Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its target price raised by National Bankshares from C$37.00 to C$39.00 in a report published on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the company. CIBC raised their price target on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Jefferies Financial Group upped their price target on Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Scotiabank cut their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.50.

Element Fleet Management Stock Up 0.1 %

Element Fleet Management stock opened at C$27.11 on Thursday. The stock’s 50 day moving average price is C$28.66 and its 200 day moving average price is C$26.30. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The company has a market cap of C$10.94 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1-year low of C$20.62 and a 1-year high of C$30.04.

Element Fleet Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 1.77%. Element Fleet Management’s payout ratio is currently 37.50%.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of C$27.67 per share, for a total transaction 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.