Element Fleet Management (TSE:EFN) had its price target raised by National Bank Financial from C$12.00 to C$15.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. National Bank Financial also issued estimates for Element Fleet Management’s Q2 2020 earnings at $0.25 EPS and FY2021 earnings at $1.15 EPS.
Several other research analysts have also recently commented on the stock. Royal Bank of Canada raised their target price on shares of Element Fleet Management from C$14.00 to C$15.00 and gave the stock a top pick rating in a report on Thursday. Raymond James set a C$13.50 target price on shares of Element Fleet Management and gave the stock a strong-buy rating in a report on Wednesday, October 30th. Finally, TD Securities raised their target price on shares of Element Fleet Management from C$12.00 to C$12.50 and gave the stock a buy rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of C$14.25.
Shares of EFN opened at C$11.30 on Thursday. Element Fleet Management has a 12 month low of C$6.03 and a 12 month high of C$11.97. The firm’s 50 day moving average is C$10.85 and its 200-day moving average is C$10.15. The stock has a market capitalization of $4.99 billion and a PE ratio of -23.64. The company has a current ratio of 9.60, a quick ratio of 9.25 and a debt-to-equity ratio of 331.15.
The firm also recently announced 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 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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