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

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Element Fleet Management Corp (TSE:EFN) has been given a consensus recommendation of “Buy” by the ten research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$9.11.

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

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.045 per share. 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 -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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