Element Fleet Management Corp (TSE:EFN) – Equities researchers at National Bank Financial issued their FY2021 earnings estimates for shares of Element Fleet Management in a research note issued on Wednesday, November 6th. National Bank Financial analyst J. Gloyn expects that the financial services provider will post earnings of $1.15 per share for the year.
A number of other brokerages have also recently issued reports on EFN. Royal Bank of Canada boosted their price objective on Element Fleet Management from C$14.00 to C$15.00 and gave the stock a “top pick” rating in a report on Thursday. BMO Capital Markets boosted their price target on Element Fleet Management from C$12.00 to C$13.00 in a research note on Friday. TD Securities boosted their price target on Element Fleet Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James reiterated a “strong-buy” rating and issued a C$14.50 price target on shares of Element Fleet Management in a research note on Thursday. Finally, CIBC boosted their price target on Element Fleet Management from C$12.00 to C$15.00 in a research note on Friday. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Element Fleet Management currently has a consensus rating of “Buy” and an average price target of C$14.25.
TSE EFN traded down C$0.25 during trading on Friday, reaching C$11.30. 1,155,839 shares of the company’s stock were exchanged, compared to its average volume of 858,747. Element Fleet Management has a fifty-two week low of C$6.03 and a fifty-two week high of C$11.97. The stock has a market capitalization of $4.99 billion and a P/E ratio of -23.64. The business has a 50 day moving average price of C$10.85 and a 200-day moving average price of C$10.15. The company has a debt-to-equity ratio of 331.15, a current ratio of 9.60 and a quick ratio of 9.25.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, September 27th. This represents a $0.18 annualized dividend and a dividend yield of 1.59%. Element Fleet Management’s dividend payout ratio (DPR) is presently -43.93%.
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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