Heath Leslie Valkenburg Purchases 2,550 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFNGet Free Report) Senior Officer Heath Leslie Valkenburg bought 2,550 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of C$28.46 per share, for a total transaction of C$72,571.98.

Element Fleet Management Price Performance

TSE EFN traded down C$0.18 during midday trading on Monday, hitting C$28.42. The company had a trading volume of 177,573 shares, compared to its average volume of 566,261. 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 Corp. has a twelve month low of C$20.94 and a twelve month high of C$30.49. The company has a market capitalization of C$11.47 billion, a PE ratio of 22.34, a P/E/G ratio of 2.97 and a beta of 0.91. The firm has a 50-day moving average price of C$29.15 and a 200-day moving average price of C$27.23.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EFN. Raymond James boosted their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. CIBC raised their price objective on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Scotiabank reduced their price target on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. National Bankshares boosted their price target on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Finally, TD Securities raised their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$33.50.

Check Out Our Latest Research Report on Element Fleet Management

About Element Fleet Management

(Get Free Report)

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.

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