Element Fleet Management Corp. (TSE:EFN - Get 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 acquired at an average cost 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 opened at C$28.72 on Tuesday. Element Fleet Management Corp. has a 12-month low of C$20.94 and a 12-month high of C$30.49. The stock has a market capitalization of C$11.59 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The firm has a 50 day simple moving average of C$29.15 and a 200-day simple moving average of C$27.23. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management's dividend payout ratio (DPR) is presently 37.50%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on EFN. Jefferies Financial Group downgraded Element Fleet Management from a "buy" rating to a "hold" rating and cut their price target for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. CIBC raised their target price on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Scotiabank lowered their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Raymond James lifted 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. Finally, TD Securities upped their target price on shares of 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Element Fleet Management currently has an average rating of "Moderate Buy" and a consensus price target of C$33.50.
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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.
Further Reading
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