Element Fleet Management (TSE:EFN) Given New C$39.00 Price Target at National Bankshares

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

EFN has been the topic of several other reports. CIBC raised their target price on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. TD Securities lifted their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank decreased their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. BMO Capital Markets raised 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. Finally, Raymond James upped their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Element Fleet Management has an average rating of “Moderate Buy” and a consensus target price of C$33.63.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock traded up C$0.43 during trading on Thursday, hitting C$27.50. 193,237 shares of the stock were exchanged, compared to its average volume of 543,230. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a 12 month low of C$20.62 and a 12 month high of C$30.04. The stock’s fifty day moving average is C$28.68 and its 200 day moving average is C$26.22. The stock has a market cap of C$11.10 billion, a PE ratio of 21.15, a P/E/G ratio of 2.97 and a beta of 0.91.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.03. The firm had revenue of C$375.68 million during the quarter, compared to analysts’ expectations 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, sell-side analysts anticipate that Element Fleet Management will post 1.6884016 EPS for the current year.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. Element Fleet Management’s payout ratio is currently 37.50%.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.