Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires C$499,991.40 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of C$27.78 per share, with a total value of C$499,991.40.

Laura Lee Dottori-Attanasio also recently made the following trade(s):

• On Monday, December 23rd, Laura Lee Dottori-Attanasio purchased 2,500 shares of Element Fleet Management stock. The stock was bought at an average cost of C$28.78 per share, with a total value of C$71,950.00.
• On Friday, December 13th, Laura Lee Dottori-Attanasio purchased 10,500 shares of Element Fleet Management stock. The stock was bought at an average cost of C$28.70 per share, with a total value of C$301,350.00.

Element Fleet Management Trading Down 0.2 %

Shares of Element Fleet Management stock opened at C$28.04 on Friday. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. Element Fleet Management Corp. has a 52 week low of C$21.20 and a 52 week high of C$30.49. The stock has a 50 day moving average price of C$28.74 and a two-hundred day moving average price of C$28.67. The stock has a market capitalization of C$8.04 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Analyst Ratings Changes

Several research firms recently commented on EFN. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. Scotiabank decreased their target price on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. CIBC raised their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. National Bankshares decreased their target price on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, TD Securities raised their target price 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 hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.