Element Fleet Management (TSE:EFN) Insider Buys C$248,325.00 in Stock

Key Points

• Insider Laura Lee Dottori-Attanasio bought 12,900 shares at C$19.25 each, investing C$248,325 and increasing her holdings by 2.62% to 505,600 shares.
• Element Fleet shares slipped 0.2% to C$20.03 in Monday trading. The company reported quarterly EPS of C$0.50 and revenue of C$456.57 million.
• Analysts have recently cut several price targets and some ratings, but the consensus remains “Moderate Buy”, with a C$32.86 target price.

Element Fleet Management Corp. (TSE:EFN - Get Free Report) insider Laura Lee Dottori-Attanasio purchased 12,900 shares of the company's stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of C$19.25 per share, with a total value of C$248,325.00. Following the purchase, the insider owned 505,600 shares of the company's stock, valued at approximately C$9,732,800. The trade was a 2.62% increase in their position.

Element Fleet Management Stock Down 0.2%

EFN traded down C$0.05 during trading on Monday, hitting C$20.03. The company had a trading volume of 893,119 shares, compared to its average volume of 1,207,353. Element Fleet Management Corp. has a 1-year low of C$19.11 and a 1-year high of C$38.00. The company has a debt-to-equity ratio of 359.10, a current ratio of -1,737.58 and a quick ratio of 5.70. The company has a market cap of C$7.78 billion, a PE ratio of 26.71, a P/E/G ratio of 2.97 and a beta of 0.57. The business has a 50-day moving average of C$23.15 and a 200-day moving average of C$28.71.

Element Fleet Management (TSE:EFN - Get Free Report) last released its earnings results on Tuesday, November 3rd. The financial services provider reported C$0.50 earnings per share for the quarter. The company had revenue of C$456.57 million during the quarter. Element Fleet Management had a net margin of 12.29% and a return on equity of 10.87%. As a group, analysts forecast that Element Fleet Management Corp. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on EFN shares. TD Securities downgraded Element Fleet Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 4th. RBC Dominion Securities dropped their price target on Element Fleet Management from C$40.00 to C$33.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. TD cut Element Fleet Management from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$31.00 to C$22.00 in a research note on Wednesday, November 4th. Scotia reduced their price target on shares of Element Fleet Management from C$41.00 to C$32.00 and set a "sector outperform" rating on the stock in a research report on Monday, October 26th. Finally, Raymond James Financial lowered their price objective on shares of Element Fleet Management from C$42.00 to C$32.00 and set an "outperform" rating for the company in a research report on Tuesday, October 6th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$32.86.

About Element Fleet Management

Element Fleet Management TSX: EFN is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.

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