Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez Sells 5,200 Shares

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

Element Fleet Management Trading Up 0.1 %

TSE:EFN opened at C$27.11 on Monday. The company has a fifty day moving average of C$28.66 and a 200 day moving average of C$26.37. Element Fleet Management Corp. has a 52 week low of C$20.62 and a 52 week high of C$30.04. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The firm has a market capitalization of C$10.94 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.12 per share. 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 1.77%. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Royal Bank of Canada boosted their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Scotiabank lowered their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday. CIBC boosted their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Finally, TD Securities boosted their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.