Element Fleet Management Corp. (TSE:EFN) Senior Officer Yu Xiang Jin Acquires 2,500 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Yu Xiang Jin purchased 2,500 shares of the stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of C$22.02 per share, with a total value of C$55,050.00.

Element Fleet Management Stock Performance

TSE EFN opened at C$22.09 on Thursday. Element Fleet Management Corp. has a fifty-two week low of C$17.00 and a fifty-two week high of C$23.46. The company has a debt-to-equity ratio of 280.50, a quick ratio of 5.70 and a current ratio of 6.78. The firm has a market capitalization of C$8.60 billion, a P/E ratio of 19.90, a PEG ratio of 2.97 and a beta of 0.84. The stock has a 50-day simple moving average of C$22.51 and a two-hundred day simple moving average of C$21.27.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. The company had revenue of C$333.36 million during the quarter, compared to the consensus estimate of C$334.92 million. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. On average, equities analysts forecast that Element Fleet Management Corp. will post 1.4295866 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, March 27th. Element Fleet Management’s dividend payout ratio (DPR) is presently 43.24%.

Analyst Ratings Changes

A number of analysts recently commented on EFN shares. Raymond James upped their price objective on Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 28th. Veritas Investment Research reaffirmed a “reduce” rating on shares of Element Fleet Management in a research note on Thursday, February 29th. Scotiabank increased their price target on Element Fleet Management from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. TD Securities upped their price target on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price objective on Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$27.63.

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.