Element Fleet Management Corp. (TSE:EFN) Senior Officer Sells C$142,480.00 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total transaction of C$142,480.00.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The firm has a market cap of C$11.43 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The stock has a fifty day simple moving average of C$28.66 and a two-hundred day simple moving average of C$26.37. Element Fleet Management Corp. has a 52-week low of C$20.69 and a 52-week high of C$30.04.

Element Fleet Management Dividend Announcement

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

Analysts Set New Price Targets

EFN has been the subject of a number of research analyst reports. National Bankshares raised their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Royal Bank of Canada upped 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. Raymond James raised their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. BMO Capital Markets raised their price objective on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Finally, Scotiabank reduced their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Element Fleet Management currently has an average rating of “Moderate Buy” and an average 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.