Element Fleet Management Corp. (TSE:EFN – Get Free Report) insider Laura Lee Dottori-Attanasio acquired 35,800 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of C$27.94 per share, with a total value of C$1,000,252.00. Following the completion of the transaction, the insider owned 397,600 shares of the company’s stock, valued at C$11,108,944. This trade represents a 9.89% increase in their ownership of the stock.
Element Fleet Management Trading Up 3.1%
Shares of EFN traded up C$0.87 during trading hours on Wednesday, hitting C$28.74. 1,236,618 shares of the stock were exchanged, compared to its average volume of 1,005,004. Element Fleet Management Corp. has a fifty-two week low of C$25.32 and a fifty-two week high of C$38.26. The company has a debt-to-equity ratio of 358.10, a current ratio of -1,554.01 and a quick ratio of 5.70. The business has a 50-day moving average of C$29.27 and a 200-day moving average of C$32.42. The firm has a market capitalization of C$11.38 billion, a P/E ratio of 38.84, a price-to-earnings-growth ratio of 2.97 and a beta of 0.66.
Element Fleet Management (TSE:EFN – Get Free Report) last issued its earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share (EPS) for the quarter. The business had revenue of C$879.58 million for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. On average, research analysts expect that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.
Element Fleet Management Dividend Announcement
Analysts Set New Price Targets
EFN has been the subject of several analyst reports. Raymond James Financial downgraded shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from C$42.50 to C$42.00 in a report on Thursday, May 7th. Royal Bank Of Canada decreased their price objective on shares of Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a report on Friday, May 8th. TD Securities decreased their price objective on shares of Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group upgraded shares of Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. Finally, TD decreased their price objective on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$41.88.
Check Out Our Latest Analysis on EFN
About Element Fleet Management
Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.
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