Element Fleet Management Corp (EFN) Receives Average Recommendation of “Buy” from Analysts

Shares of Element Fleet Management Corp (TSE:EFN) have earned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$9.11.

EFN has been the topic of a number of research reports. Royal Bank of Canada cut their target price on shares of Element Fleet Management from C$10.00 to C$9.50 in a research report on Tuesday, January 15th. National Bank Financial raised their target price on shares of Element Fleet Management from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Raymond James set a C$10.50 target price on shares of Element Fleet Management and gave the company a “strong-buy” rating in a research report on Thursday, March 7th.

TSE EFN opened at C$8.30 on Friday. The company has a current ratio of 12.73, a quick ratio of 12.27 and a debt-to-equity ratio of 358.11. The stock has a market cap of $3.59 billion and a price-to-earnings ratio of -13.37. Element Fleet Management has a one year low of C$3.80 and a one year high of C$8.77.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, March 28th. Element Fleet Management’s payout ratio is currently -43.48%.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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