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

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

Element Fleet Management Stock Up 1.9 %

TSE EFN opened at C$28.84 on Wednesday. Element Fleet Management Corp. has a 12 month low of C$20.69 and a 12 month high of C$30.04. The company has a market capitalization of C$11.64 billion, a P/E ratio of 22.50, a PEG ratio of 2.97 and a beta of 0.91. The company’s 50 day simple moving average is C$28.66 and its 200 day simple moving average is C$26.37. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given 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 dividend yield of 1.66%. Element Fleet Management’s dividend payout ratio (DPR) is presently 37.50%.

Analysts Set New Price Targets

Several brokerages have weighed in on EFN. BMO Capital Markets lifted their target price on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Scotiabank reduced their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their target price for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. TD Securities boosted their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada increased their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Element Fleet Management currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.50.

About Element Fleet Management

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.