Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez Purchases 2,107 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of C$27.06 per share, for a total transaction of C$57,010.36.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$27.54 on Friday. Element Fleet Management Corp. has a one year low of C$21.20 and a one year high of C$30.49. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The company has a 50 day moving average price of C$28.57 and a 200 day moving average price of C$28.71. The firm has a market capitalization of C$7.89 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EFN. National Bankshares cut their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and cut their target price for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Raymond James lifted their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. Finally, CIBC lifted their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Element Fleet Management presently has an average rating of “Buy” and a consensus price target 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.