2 weeks Ago By Defense World Staff
Element Fleet Management Corp. ( TSE:EFN – Get Free Report )’s share price hit a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as C$28.
81 and last traded at C$28.76, with a volume of 600328 shares. The stock had previously closed at C$28.
49. The newly announced dividend which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.
12 per share. The ex-dividend date is Friday, September 27th. This represents a $0.
48 annualized dividend and a yield of 1.67%. Element Fleet Management’s payout ratio is currently 38.
10%. Wall Street Analysts Forecast Growth Several research firms recently issued reports on EFN. CIBC increased their price target on shares of Element Fleet Management from C$28.
00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their target price on shares of Element Fleet Management from C$33.
00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$28.
00 to C$32.00 in a research report on Thursday, August 15th. TD Securities upped their price target on Element Fleet Management from C$30.
00 to C$32.00 in a research note on Friday, September 20th. Finally, Jefferies Financial Group raised their price objective on shares of Element Fleet Management from C$28.
00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$31.88. Element Fleet Management Trading Up 0.
9 % The company has a market cap of C$11.61 billion, a PE ratio of 22.59, a PEG ratio of 2.
97 and a beta of 0.91. The company has a current ratio of 8.
22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.
The stock has a 50 day moving average price of C$27.14 and a 200 day moving average price of C$24.67.
Element Fleet Management ( TSE:EFN – Get Free Report ) last posted its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.
37 by C$0.03. The company had revenue of C$375.
68 million for the quarter, compared to the consensus estimate of C$368.46 million. Element Fleet Management had a return on equity of 12.
58% and a net margin of 23.41%. Sell-side analysts predict that Element Fleet Management Corp.
will post 1.6895933 EPS for the current fiscal year. Insider Buying and Selling at Element Fleet Management In related news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the business’s stock in a transaction dated Thursday, September 5th.
The shares were purchased at an average price of C$27.67 per share, with a total value of C$498,074.40.
0.23% of the stock is currently owned by insiders. About Element Fleet Management ( Get Free Report ) 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. Recommended Stories Five stocks we like better than Element Fleet Management Airline Stocks – Top Airline Stocks to Buy Now TJX Stock: A Buying Opportunity Before the Holiday Rush How to Use the MarketBeat Stock Screener Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge How to Buy Cheap Stocks Step by Step Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Element Fleet Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management and related companies with MarketBeat.
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