Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires 700 Shares of Stock

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

Element Fleet Management Trading Up 2.0 %

EFN stock opened at C$29.42 on Thursday. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The stock has a market capitalization of C$11.87 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.97 and a beta of 0.91. The business has a fifty day moving average price of C$28.68 and a 200 day moving average price of C$26.39. Element Fleet Management Corp. has a fifty-two week low of C$20.69 and a fifty-two week high of C$30.04.

Element Fleet Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. Element Fleet Management’s dividend payout ratio (DPR) is currently 37.50%.

Wall Street Analyst Weigh In

EFN has been the topic of several analyst reports. BMO Capital Markets increased their price target on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Raymond James upped their price target on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. TD Securities raised their price objective 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, November 14th. Scotiabank cut their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada raised their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$33.50.

Element Fleet Management Company Profile

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.