Element Fleet Management Corp. (TSE:EFN - Get Free Report) Senior Officer Yu Xiang Jin acquired 2,500 shares of the company's stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of C$22.02 per share, for a total transaction of C$55,050.00.
Element Fleet Management Stock Up 1.1 %
EFN opened at C$22.09 on Thursday. The company has a quick ratio of 5.70, a current ratio of 6.78 and a debt-to-equity ratio of 280.50. The business's fifty day simple moving average is C$22.51 and its 200 day simple moving average is C$21.27. Element Fleet Management Corp. has a 52 week low of C$17.00 and a 52 week high of C$23.46. The stock has a market cap of C$8.60 billion, a PE ratio of 19.90, a P/E/G ratio of 2.97 and a beta of 0.84.
Element Fleet Management (TSE:EFN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, topping analysts' consensus estimates of C$0.32 by C$0.01. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. The firm had revenue of C$333.36 million during the quarter, compared to analyst estimates of C$334.92 million. As a group, research analysts expect that Element Fleet Management Corp. will post 1.4295866 earnings per share for the current fiscal year.
Element Fleet Management Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. Element Fleet Management's dividend payout ratio (DPR) is currently 43.24%.
Analysts Set New Price Targets
A number of analysts have commented on EFN shares. TD Securities boosted their price objective on Element Fleet Management from C$25.00 to C$27.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. Royal Bank of Canada upped their target price on shares of Element Fleet Management from C$30.00 to C$31.00 and gave the stock an "outperform" rating in a research note on Thursday, January 4th. CIBC boosted their price target on shares of Element Fleet Management from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 28th. Raymond James upped their price objective on Element Fleet Management from C$26.00 to C$29.00 and gave the company a "strong-buy" rating in a research note on Wednesday, February 28th. Finally, Scotiabank raised their target price on Element Fleet Management from C$25.00 to C$26.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$27.63.
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Element Fleet Management Company Profile
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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.
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