Element Fleet Management Corp. (TSE:EFN) Senior Officer Buys C$72,571.98 in Stock

Element Fleet Management Corp. (TSE:EFN - Get Free Report) Senior Officer Heath Leslie Valkenburg purchased 2,550 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of C$28.46 per share, for a total transaction of C$72,571.98.

Element Fleet Management Trading Up 0.4 %

Element Fleet Management stock traded up C$0.12 during trading on Monday, hitting C$28.72. The company's stock had a trading volume of 612,076 shares, compared to its average volume of 568,106. The stock has a market capitalization of C$11.59 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.97 and a beta of 0.91. The stock's fifty day moving average is C$29.15 and its 200 day moving average is C$27.23. Element Fleet Management Corp. has a 1-year low of C$20.94 and a 1-year high of C$30.49. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.67%. Element Fleet Management's dividend payout ratio is presently 37.50%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EFN. TD Securities increased their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Scotiabank decreased their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. National Bankshares increased their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. CIBC increased their price objective on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Finally, Raymond James raised their price target on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.