Element Fleet Management (TSE:EFN) Reaches New 12-Month High – Time to Buy?

Element Fleet Management Corp. (TSE:EFN) reached a new 52-week high on Monday . The stock traded as high as C$30.36 and last traded at C$30.20, with a volume of 2987450 shares trading hands. The stock had previously closed at C$29.61.

Analysts Set New Price Targets

A number of analysts recently issued reports on EFN shares. National Bankshares increased their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. CIBC increased their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Scotiabank reduced their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Royal Bank of Canada increased their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, TD Securities boosted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$33.50.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The business’s fifty day simple moving average is C$28.89 and its 200 day simple moving average is C$26.68. The stock has a market cap of C$12.04 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of C$28.92 per share, with a total value of C$97,618.50. Insiders acquired a total of 22,075 shares of company stock worth $615,202 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

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.