Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires C$19,509.00 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer David Colman purchased 700 shares of Element Fleet Management stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of C$27.87 per share, for a total transaction of C$19,509.00.

Element Fleet Management Stock Performance

The firm has a market cap of C$11.43 billion, a P/E ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a twelve month low of C$20.69 and a twelve month high of C$30.04. The firm has a 50 day moving average of C$28.66 and a 200 day moving average of C$26.37. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.

Element Fleet Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of ∞. Element Fleet Management’s payout ratio is 37.50%.

Wall Street Analyst Weigh In

EFN has been the topic of several recent analyst reports. Scotiabank reduced their target price on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$32.00 to C$30.00 in a research report on Friday. National Bankshares raised their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Raymond James upped their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. Finally, CIBC raised their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Element Fleet Management has a consensus rating of “Moderate Buy” and an average price target of C$33.50.

About Element Fleet Management

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.