Element Fleet Management Corp. (TSE:EFN) Senior Officer David Colman Purchases 700 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer David Colman bought 700 shares of Element Fleet Management stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of C$27.87 per share, for a total transaction of C$19,509.00.

Element Fleet Management Stock Performance

The company has a market cap of C$11.43 billion, a PE ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91. 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 twelve month low of C$20.69 and a twelve month high of C$30.04. The stock’s fifty day moving average price is C$28.66 and its 200-day moving average price is C$26.37.

Element Fleet Management Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Scotiabank cut their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. National Bankshares boosted their target price on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. CIBC raised their price target on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$32.00 to C$30.00 in a research note on Friday. Finally, Royal Bank of Canada raised their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.