Element Fleet Management Corp. (TSE:EFN) Director George Keith Graham Sells 25,000 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) Director George Keith Graham sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$24.70, for a total value of C$617,500.00.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$24.74 on Wednesday. The company has a current ratio of 6.78, a quick ratio of 5.70 and a debt-to-equity ratio of 280.50. The stock has a 50 day simple moving average of C$22.19 and a 200-day simple moving average of C$22.02. The company has a market cap of C$9.63 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.83. Element Fleet Management Corp. has a 12-month low of C$18.50 and a 12-month high of C$24.92.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.01. The firm had revenue of C$333.36 million during the quarter, compared to analysts’ expectations of C$334.92 million. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. On average, equities analysts forecast that Element Fleet Management Corp. will post 1.0547496 EPS for the current year.

Element Fleet Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.94%. Element Fleet Management’s payout ratio is currently 43.24%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Raymond James upped their price target on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 28th. TD Securities increased their target price on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Scotiabank boosted their price target on Element Fleet Management from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Veritas Investment Research reaffirmed a “reduce” rating on shares of Element Fleet Management in a research note on Thursday, February 29th. Finally, CIBC lifted their target price on Element Fleet Management from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$28.50.

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.