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Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Purchases 2,107 Shares of Stock

Element Fleet Management logo with Industrials background
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Element Fleet Management Corp. (TSE:EFN - Get Free Report) Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of Element Fleet Management stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of C$27.06 per share, with a total value of C$57,010.36.

Element Fleet Management Trading Up 0.3 %

TSE:EFN traded up C$0.08 during mid-day trading on Tuesday, hitting C$27.73. 474,594 shares of the stock traded hands, compared to its average volume of 562,119. The stock has a market capitalization of C$7.95 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a 52 week low of C$21.20 and a 52 week high of C$30.49. The firm's 50 day moving average is C$28.54 and its two-hundred day moving average is C$28.73. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Analysts Set New Price Targets

A number of research firms have commented on EFN. CIBC lifted their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. National Bankshares lowered their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Finally, Raymond James boosted their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Element Fleet Management has a consensus rating of "Buy" and a consensus price target of C$34.00.

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Check Out Our Latest Stock Analysis on Element Fleet Management

Element Fleet Management Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Element Fleet Management (TSE:EFN)

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