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

Element Fleet Management Corp. (TSE:EFN) Senior Officer David Colman bought 700 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of C$27.87 per share, with a total value of C$19,509.00.

Element Fleet Management Stock Up 4.4 %

EFN traded up C$1.20 during trading on Monday, reaching C$28.31. The company had a trading volume of 827,457 shares, compared to its average volume of 549,399. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management Corp. has a 12 month low of C$20.69 and a 12 month high of C$30.04. The business’s fifty day moving average price is C$28.66 and its 200 day moving average price is C$26.37. The company 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management’s payout ratio is currently 37.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EFN. TD Securities boosted their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday. National Bankshares boosted their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday. 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 stock an “outperform” rating in a research note on Wednesday, August 14th. CIBC lifted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Finally, Scotiabank lowered their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.