Element Fleet Management (TSE:EFN) Stock Price Crosses Above Two Hundred Day Moving Average of $21.40

Element Fleet Management Corp. (TSE:EFN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.40 and traded as high as C$21.85. Element Fleet Management shares last traded at C$21.75, with a volume of 250,906 shares changing hands.

Wall Street Analyst Weigh In

EFN has been the topic of several research reports. BMO Capital Markets upped their price target on Element Fleet Management from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Raymond James upped their price target on Element Fleet Management from C$26.00 to C$29.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 28th. Scotiabank upped their price target on Element Fleet Management from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. TD Securities upped their price target on Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, CIBC upped their price target on Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$27.63.

Element Fleet Management Stock Down 0.0 %

The business has a fifty day moving average of C$22.35 and a 200 day moving average of C$21.40. The firm has a market cap of C$8.46 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.97 and a beta of 0.84. The company has a quick ratio of 5.70, a current ratio of 6.78 and a debt-to-equity ratio of 280.50.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.01. The company had revenue of C$333.36 million during the quarter, compared to the consensus estimate of C$334.92 million. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. On average, equities research analysts predict that Element Fleet Management Corp. will post 1.4296824 EPS for the current year.

Element Fleet Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.48 annualized dividend and a yield of 2.21%. Element Fleet Management’s dividend payout ratio (DPR) is presently 43.24%.

Insider Activity at Element Fleet Management

In related news, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total transaction of C$774,608.64. In other Element Fleet Management news, Senior Officer Yu Xiang Jin acquired 2,500 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of C$22.02 per share, with a total value of C$55,050.00. Also, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. Insiders own 0.24% of the company’s stock.

Element Fleet Management Company Profile

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.