Element Fleet Management (TSE:EFN) Reaches New 52-Week High – What’s Next?

Element Fleet Management Corp. (TSE:EFN) shares hit a new 52-week high during mid-day trading 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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EFN shares. National Bankshares upped their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Royal Bank of Canada raised their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Scotiabank cut their price target on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. TD Securities increased their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, BMO Capital Markets lifted their target price on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Stock Performance

The stock has a market cap of C$12.04 billion, a P/E ratio of 23.30, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The company has a fifty day moving average of C$28.89 and a 200 day moving average of C$26.68.

Element Fleet Management Dividend Announcement

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

Insider Activity at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of C$27.67 per share, with a total value of C$498,074.40. Also, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$27.40, for a total value of C$142,480.00. Insiders bought 22,075 shares of company stock valued at $615,202 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

About Element Fleet Management

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.