Element Fleet Management (TSE:EFN) Hits New 1-Year High - Should You Buy?

Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as C$35.01 and last traded at C$34.99, with a volume of 270060 shares trading hands. The stock had previously closed at C$34.58.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EFN. Keefe, Bruyette & Woods raised shares of Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Jefferies Financial Group cut their target price on shares of Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. Royal Bank Of Canada raised shares of Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price for the company in a report on Wednesday, June 18th. Finally, BMO Capital Markets lifted their target price on shares of Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Element Fleet Management currently has a consensus rating of "Moderate Buy" and an average target price of C$35.38.

Element Fleet Management Stock Performance

The company has a market cap of C$10.07 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The firm's fifty day moving average is C$32.87 and its 200 day moving average is C$30.26. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64.

Element Fleet Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, June 30th. Element Fleet Management's payout ratio is presently 39.84%.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of C$31.58 per share, with a total value of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total transaction of C$314,777.10. 0.26% of the stock is currently owned by insiders.

Element Fleet Management Company Profile

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.