Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$35.01 and last traded at C$34.99, with a volume of 270060 shares changing hands. The stock had previously closed at C$34.58.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on EFN shares. Royal Bank Of Canada raised Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price on the stock in a report on Wednesday, June 18th. Jefferies Financial Group lowered their target price on Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods raised Element Fleet Management to a "hold" rating in a report on Sunday, April 20th. Finally, BMO Capital Markets increased their target price on Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$35.38.
Read Our Latest Research Report on Element Fleet Management
Element Fleet Management Stock Performance
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 business has a 50-day simple moving average of C$32.80 and a 200 day simple moving average of C$30.21. The firm has a market cap of C$9.93 billion, a PE ratio of 28.75, a PEG ratio of 2.97 and a beta of 0.91.
Element Fleet Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, June 30th. Element Fleet Management's dividend payout ratio is currently 39.84%.
Insider Activity
In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of C$31.58 per share, for a total transaction of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the 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. Company insiders own 0.26% of the company's stock.
About Element Fleet Management
(
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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.
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