Element Fleet Management Corp. (TSE:EFN) Receives C$43.29 Average PT from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Buy” by the eight analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$41.88.

A number of brokerages have recently weighed in on EFN. TD Securities dropped their price target on Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reduced their price objective on Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday. National Bank Financial upped their price objective on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Raymond James Financial lowered Element Fleet Management from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from C$42.50 to C$42.00 in a research report on Thursday, May 7th. Finally, Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd.

Element Fleet Management Trading Down 4.1%

TSE EFN opened at C$26.85 on Tuesday. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01. Element Fleet Management has a one year low of C$26.73 and a one year high of C$38.26. The company has a 50-day simple moving average of C$31.33 and a 200-day simple moving average of C$34.20. The firm has a market capitalization of C$10.63 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 2.97 and a beta of 0.32.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. The firm had revenue of C$879.58 million for the quarter. On average, equities analysts forecast that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 2.2%. Element Fleet Management’s dividend payout ratio (DPR) is currently 52.84%.

Element Fleet Management Company Profile

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.