Analysts Set Element Fleet Management Corp. (TSE:EFN) Target Price at C$34.00

Element Fleet Management Corp. (TSE:EFN) has been given an average rating of “Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$34.00.

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

Element Fleet Management Price Performance

TSE:EFN opened at C$29.69 on Monday. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The business’s 50-day moving average price is C$28.55 and its 200 day moving average price is C$28.80. Element Fleet Management has a 52-week low of C$21.20 and a 52-week high of C$30.49. The firm has a market cap of C$8.51 billion, a P/E ratio of 24.64, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.13 dividend. This is a positive change from Element Fleet Management’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. Element Fleet Management’s dividend payout ratio (DPR) is currently 39.84%.

Insiders Place Their Bets

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

About Element Fleet Management

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.