Element Fleet Management (TSE:EFN) Stock Price Passes Above Two Hundred Day Moving Average of $12.66

Shares of Element Fleet Management Corp. (TSE:EFNGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.66 and traded as high as C$13.37. Element Fleet Management shares last traded at C$12.92, with a volume of 1,950,303 shares trading hands.

Several research analysts recently weighed in on EFN shares. Royal Bank of Canada boosted their target price on shares of Element Fleet Management from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Wednesday, March 2nd. National Bankshares upped their price target on Element Fleet Management from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 10th. TD Securities upped their price target on Element Fleet Management from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Tuesday, May 10th. Scotiabank increased their target price on Element Fleet Management from C$15.50 to C$16.00 in a research note on Thursday, May 12th. Finally, CIBC upgraded Element Fleet Management from a “neutral” rating to an “outperform” rating and set a C$14.00 price objective on the stock in a research note on Thursday, May 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$16.15.

The company has a 50 day moving average of C$12.67 and a 200 day moving average of C$12.66. The company has a current ratio of 7.17, a quick ratio of 6.73 and a debt-to-equity ratio of 236.53. The firm has a market cap of C$5.15 billion and a price-to-earnings ratio of 16.93.

Element Fleet Management (TSE:EFNGet Rating) last released its quarterly earnings data on Monday, May 9th. The financial services provider reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.04. The company had revenue of C$260.80 million during the quarter, compared to the consensus estimate of C$239.00 million. As a group, sell-side analysts anticipate that Element Fleet Management Corp. will post 1.0716007 EPS for the current fiscal year.

About Element Fleet Management (TSE:EFN)

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

Featured Stories

Want More Great Investing Ideas?

Receive News & Ratings for Element Fleet Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management and related companies with MarketBeat.com's FREE daily email newsletter.