Element Fleet Management (TSE:EFN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Element Fleet Management Corp. (TSE:EFN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$25.43 and traded as high as C$29.32. Element Fleet Management shares last traded at C$29.27, with a volume of 389,916 shares changing hands.

Wall Street Analyst Weigh In

EFN has been the topic of several research reports. Scotiabank upped their target price on Element Fleet Management from C$27.00 to C$28.00 in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on 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. Jefferies Financial Group increased their price objective on Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. CIBC increased their price objective on Element Fleet Management from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Raymond James increased their price objective on Element Fleet Management from C$29.00 to C$30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$31.88.

Element Fleet Management Price Performance

The company has a 50-day moving average of C$28.21 and a two-hundred day moving average of C$25.48. The stock has a market capitalization of C$11.63 billion, a PE ratio of 22.56, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

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

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.67%. Element Fleet Management’s dividend payout ratio (DPR) is presently 37.50%.

Insider Buying and Selling

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of C$27.67 per share, for a total transaction 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.