Element Fleet Management (TSE:EFN) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Element Fleet Management Corp. (TSE:EFN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$26.18 and traded as high as C$28.65. Element Fleet Management shares last traded at C$28.26, with a volume of 910,511 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EFN. National Bankshares boosted their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday. Royal Bank of Canada boosted their price objective 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. Raymond James boosted their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday. CIBC boosted their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Finally, Scotiabank lowered their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Trading Up 0.1 %

The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The firm has a market cap of C$10.94 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91. The business’s 50-day moving average is C$28.66 and its two-hundred day moving average is C$26.26.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The business had revenue of C$375.68 million during the quarter, compared to the consensus estimate of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. As a group, analysts expect that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.77%. Element Fleet Management’s dividend payout ratio is presently 37.50%.

Insider Transactions at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of Element Fleet Management stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. 0.26% of the stock is currently owned by company 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.