Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez Purchases 2,107 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez bought 2,107 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of C$27.06 per share, with a total value of C$57,010.36.

Element Fleet Management Trading Up 0.8 %

Shares of TSE EFN traded up C$0.22 during midday trading on Friday, hitting C$27.35. The company’s stock had a trading volume of 36,762 shares, compared to its average volume of 555,317. Element Fleet Management Corp. has a 12-month low of C$21.20 and a 12-month high of C$30.49. 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 firm has a market cap of C$7.84 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The business’s 50 day moving average is C$28.61 and its two-hundred day moving average is C$28.70.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EFN shares. National Bankshares lowered their price objective on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Raymond James increased their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. TD Securities boosted their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Scotiabank lowered their price target 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Element Fleet Management has an average rating of “Buy” and a consensus price target 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.