Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires C$57,010.36 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez bought 2,107 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of C$27.06 per share, with a total value of C$57,010.36.

Element Fleet Management Stock Performance

Shares of TSE:EFN opened at C$27.54 on Monday. The company has a market capitalization of C$7.89 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a 52 week low of C$21.20 and a 52 week high of C$30.49. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The firm has a 50 day moving average of C$28.57 and a 200 day moving average of C$28.73.

Wall Street Analyst Weigh In

EFN has been the subject of a number of research reports. Raymond James boosted their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. National Bankshares lowered their price target on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, CIBC boosted their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$34.00.

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.