Element Fleet Management (TSE:EFN) Stock Crosses Below 200 Day Moving Average of $21.54

Element Fleet Management Corp. (TSE:EFN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.54 and traded as low as C$21.41. Element Fleet Management shares last traded at C$21.57, with a volume of 435,704 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EFN. Veritas Investment Research restated a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th. Raymond James raised their target price on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada increased their price target on shares of Element Fleet Management from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. CIBC lifted their price objective on Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets increased their target price on Element Fleet Management from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$27.63.

Element Fleet Management Stock Up 0.3 %

The company has a quick ratio of 5.70, a current ratio of 6.78 and a debt-to-equity ratio of 280.50. The stock has a market capitalization of C$8.39 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.97 and a beta of 0.84. The company’s fifty day moving average price is C$22.18 and its 200-day moving average price is C$21.54.

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

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Element Fleet Management’s dividend payout ratio is currently 43.24%.

Insider Transactions at Element Fleet Management

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

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.