Element Fleet Management (TSE:EFN) Share Price Passes Above Two Hundred Day Moving Average – Time to 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$28.82 and traded as high as C$30.17. Element Fleet Management shares last traded at C$30.02, with a volume of 668,969 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. National Bankshares lowered their target price on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. CIBC raised their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Raymond James increased 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. One equities 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, the company currently has an average rating of “Buy” and a consensus target price of C$34.00.

Element Fleet Management Stock Performance

The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The firm has a market cap of C$8.60 billion, a P/E ratio of 24.91, a PEG ratio of 2.97 and a beta of 0.91. The firm has a fifty day moving average of C$28.51 and a 200-day moving average of C$28.82.

Element Fleet Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.73%. This is a boost from Element Fleet Management’s previous quarterly dividend of $0.12. Element Fleet Management’s payout ratio is currently 39.84%.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of C$27.78 per share, with a total value of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez bought 2,107 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Corporate insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.