Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio Buys 18,000 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of C$27.78 per share, for a total transaction of C$499,991.40.

Laura Lee Dottori-Attanasio also recently made the following trade(s):

• On Monday, December 23rd, Laura Lee Dottori-Attanasio purchased 2,500 shares of Element Fleet Management stock. The shares were purchased at an average price of C$28.78 per share, with a total value of C$71,950.00.
• On Friday, December 13th, Laura Lee Dottori-Attanasio acquired 10,500 shares of Element Fleet Management stock. The shares were purchased at an average cost of C$28.70 per share, for a total transaction of C$301,350.00.

Element Fleet Management Stock Performance

Shares of TSE:EFN opened at C$28.11 on Thursday. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The company has a market capitalization of C$8.06 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a 12 month low of C$21.20 and a 12 month high of C$30.49. The firm’s 50-day moving average is C$28.76 and its 200 day moving average is C$28.66.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EFN. CIBC raised their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. Raymond James upped their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. TD Securities lifted their price target on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Scotiabank decreased their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$34.00.

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.