Free Trial

Element Fleet Management (TSE:EFN) Sets New 1-Year High - Still a Buy?

Element Fleet Management logo with Industrials background

Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as C$33.51 and last traded at C$33.40, with a volume of 331353 shares changing hands. The stock had previously closed at C$33.20.

Wall Street Analysts Forecast Growth

EFN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Royal Bank Of Canada raised Element Fleet Management to a "moderate buy" rating and set a C$43.00 price objective on the stock in a research report on Wednesday, June 18th. Raymond James Financial raised their price objective on Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. National Bankshares cut their price objective on Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, BMO Capital Markets raised their price objective on Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Element Fleet Management currently has an average rating of "Moderate Buy" and a consensus target price of C$35.38.

Read Our Latest Research Report on EFN

Element Fleet Management Stock Performance

The firm has a market capitalization of C$9.71 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The stock has a 50-day moving average price of C$32.07 and a 200-day moving average price of C$29.86.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, June 30th. Element Fleet Management's payout ratio is 39.84%.

Insider Transactions at Element Fleet Management

In related news, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total value of C$314,777.10. Also, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of C$31.58 per share, with a total value of C$135,781.10. Corporate insiders own 0.26% of the company's stock.

About Element Fleet Management

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in Element Fleet Management Right Now?

Before you consider Element Fleet Management, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Element Fleet Management wasn't on the list.

While Element Fleet Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines