Element Fleet Management (TSE:EFN) Sets New 12-Month High - Time to Buy?

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$34.40 and last traded at C$33.68, with a volume of 33095 shares. The stock had previously closed at C$34.11.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EFN. BMO Capital Markets boosted their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a "hold" rating in a research 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 note on Wednesday, June 18th. Finally, Jefferies Financial Group lowered their target price on Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. Two 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 currently has an average rating of "Moderate Buy" and an average price target of C$35.38.

Element Fleet Management Trading Up 0.3%

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 stock's fifty day moving average price is C$32.37 and its two-hundred day moving average price is C$30.00. The company has a market capitalization of C$9.87 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, June 30th. Element Fleet Management's dividend payout ratio (DPR) is currently 39.84%.

Insider Buying and Selling

In other Element Fleet Management news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was bought 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 firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total value of C$314,777.10. 0.26% of the stock is currently owned by company 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.