Element Fleet Management (TSE:EFN) Price Target Lowered to C$40.00 at Royal Bank Of Canada

Element Fleet Management (TSE:EFN) had its target price cut by Royal Bank Of Canada from C$47.00 to C$40.00 in a research report report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also commented on EFN. TD Securities cut their price target on shares of Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. National Bank Financial raised their price target on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. TD dropped their price target on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James Financial downgraded Element Fleet Management from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from C$42.50 to C$42.00 in a research note on Thursday. Finally, Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$41.88.

Element Fleet Management Price Performance

Shares of TSE:EFN opened at C$28.00 on Friday. The company’s fifty day moving average price is C$31.58 and its 200 day moving average price is C$34.34. Element Fleet Management has a 12 month low of C$27.83 and a 12 month high of C$38.26. The company has a debt-to-equity ratio of 358.10, a current ratio of -1,554.01 and a quick ratio of 5.70. The firm has a market capitalization of C$11.09 billion, a P/E ratio of 37.84, a P/E/G ratio of 2.97 and a beta of 0.32.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. The firm had revenue of C$879.58 million for the quarter. As a group, sell-side analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 2.1%. Element Fleet Management’s dividend payout ratio is currently 52.84%.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.