Element Fleet Management Corp. (TSE:EFN – Get Free Report) insider Laura Lee Dottori-Attanasio purchased 12,900 shares of Element Fleet Management stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average cost of C$19.25 per share, with a total value of C$248,325.00. Following the completion of the transaction, the insider directly owned 505,600 shares of the company’s stock, valued at approximately C$9,732,800. The trade was a 2.62% increase in their position.
Element Fleet Management Stock Down 1.9%
EFN stock opened at C$19.63 on Wednesday. The company has a quick ratio of 5.70, a current ratio of -1,737.58 and a debt-to-equity ratio of 359.10. The business has a 50 day moving average price of C$22.88 and a two-hundred day moving average price of C$28.56. The company has a market cap of C$7.62 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.97 and a beta of 0.57. Element Fleet Management Corp. has a twelve month low of C$19.11 and a twelve month high of C$38.00.
Element Fleet Management (TSE:EFN – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported C$0.50 earnings per share (EPS) for the quarter. Element Fleet Management had a return on equity of 10.87% and a net margin of 12.29%. The company had revenue of C$456.57 million for the quarter. Analysts anticipate that Element Fleet Management Corp. will post 1.69 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on EFN shares. RBC Dominion Securities dropped their price target on shares of Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Raymond James Financial cut their price target on shares of Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. National Bank Financial decreased their price objective on shares of Element Fleet Management from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. TD downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$31.00 to C$22.00 in a research report on Wednesday, November 4th. Finally, Scotia lowered their price objective on shares of Element Fleet Management from C$41.00 to C$32.00 and set a “sector outperform” rating on the stock in a research note on Monday, October 26th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$32.86.
Read Our Latest Report on Element Fleet Management
Element Fleet Management Company Profile
Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.
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