Element Fleet Management (TSE:EFN) Sets New 12-Month High at $25.41

Element Fleet Management Corp. (TSE:EFN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$25.41 and last traded at C$25.41, with a volume of 158592 shares trading hands. The stock had previously closed at C$25.10.

Wall Street Analysts Forecast Growth

EFN has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of Element Fleet Management from C$26.00 to C$28.00 in a research report on Thursday, May 16th. Scotiabank lifted their price target on Element Fleet Management from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. National Bankshares increased their price target on Element Fleet Management from C$31.00 to C$33.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. CIBC boosted their price target on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Finally, TD Securities upped their target price on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$28.50.

Element Fleet Management Stock Up 0.5 %

The company has a current ratio of 8.32, a quick ratio of 5.70 and a debt-to-equity ratio of 315.13. The firm’s fifty day moving average is C$23.91 and its 200 day moving average is C$22.76. The stock has a market cap of C$9.80 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.97 and a beta of 0.83.

Element Fleet Management (TSE:EFN) last announced its earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 EPS for the quarter, topping the consensus estimate of C$0.31 by C$0.05. The business had revenue of C$353.83 million for the quarter, compared to the consensus estimate of C$333.85 million. Element Fleet Management had a return on equity of 12.40% and a net margin of 23.30%. As a group, equities research analysts forecast that Element Fleet Management Corp. will post 1.5226286 EPS for the current year.

Element Fleet Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, June 28th. Element Fleet Management’s dividend payout ratio is currently 39.67%.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer William Sutherland acquired 4,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of C$24.90 per share, for a total transaction of C$99,594.00. In other Element Fleet Management news, Senior Officer James Halliday sold 32,700 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of C$25.00, for a total value of C$817,500.00. Also, Senior Officer William Sutherland purchased 4,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average cost of C$24.90 per share, for a total transaction of C$99,594.00. Over the last quarter, insiders have purchased 5,550 shares of company stock valued at $132,034 and have sold 68,974 shares valued at $1,716,749. Insiders own 0.23% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.