George Keith Graham Buys 2,000 Shares of Element Fleet Management (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Director George Keith Graham bought 2,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of C$28.00 per share, with a total value of C$56,000.00. Following the purchase, the director owned 27,000 shares in the company, valued at C$756,000. The trade was a 8.00% increase in their position.

Element Fleet Management Trading Up 3.1%

Shares of TSE EFN traded up C$0.87 during midday trading on Wednesday, reaching C$28.74. The company had a trading volume of 1,236,618 shares, compared to its average volume of 1,005,004. Element Fleet Management Corp. has a one year low of C$25.32 and a one year high of C$38.26. The company has a quick ratio of 5.70, a current ratio of -1,554.01 and a debt-to-equity ratio of 358.10. The firm’s fifty day moving average price is C$29.27 and its 200-day moving average price is C$32.42. The stock has a market cap of C$11.38 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 2.97 and a beta of 0.66.

Element Fleet Management (TSE:EFN) last released its earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share for the quarter. Element Fleet Management had a return on equity of 10.62% and a net margin of 12.38%.The company had revenue of C$879.58 million during the quarter. On average, equities research analysts anticipate that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, June 30th. Element Fleet Management’s payout ratio is currently 52.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EFN. Royal Bank Of Canada reduced their price target on Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. TD reduced their price target on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a report on Friday, May 8th. TD Securities reduced their price target on Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Raymond James Financial downgraded Element Fleet Management from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from C$42.50 to C$42.00 in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$41.88.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.