Element Fleet Management (TSE:EFN) Stock Price Crosses Above 200-Day Moving Average of $19.61

Shares of Element Fleet Management Corp. (TSE:EFN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.61 and traded as high as C$20.94. Element Fleet Management shares last traded at C$20.80, with a volume of 376,392 shares traded.

Analysts Set New Price Targets

EFN has been the subject of several recent analyst reports. Barclays raised their price target on Element Fleet Management from C$24.00 to C$26.00 in a report on Thursday, August 10th. Royal Bank of Canada raised their price target on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. National Bankshares upped their target price on Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. CIBC lifted their price target on Element Fleet Management from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Finally, TD Securities increased their price objective on Element Fleet Management from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$25.38.

Element Fleet Management Stock Performance

The company has a quick ratio of 5.70, a current ratio of 6.93 and a debt-to-equity ratio of 265.06. The firm has a 50-day moving average of C$20.82 and a two-hundred day moving average of C$19.61. The company has a market capitalization of C$8.10 billion, a PE ratio of 20.39, a PEG ratio of 2.97 and a beta of 0.62.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.02. Element Fleet Management had a net margin of 23.75% and a return on equity of 11.76%. The firm had revenue of C$323.07 million for the quarter, compared to the consensus estimate of C$313.00 million. Research analysts anticipate that Element Fleet Management Corp. will post 1.4598744 EPS for the current year.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, September 28th. Element Fleet Management’s dividend payout ratio (DPR) is presently 39.22%.

Insider Transactions at Element Fleet Management

In related news, Senior Officer David Colman sold 5,178 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$21.14, for a total value of C$109,474.31. Following the completion of the sale, the insider now owns 117 shares of the company’s stock, valued at approximately C$2,473.64. In other news, Senior Officer David Colman sold 5,178 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$21.14, for a total transaction of C$109,474.31. Following the completion of the sale, the insider now owns 117 shares of the company’s stock, valued at C$2,473.64. Also, Senior Officer James Halliday sold 6,500 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of C$21.22, for a total transaction of C$137,930.00. Corporate insiders own 0.21% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. It 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.