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

Element Fleet Management Corp. (TSE:EFN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Raymond James upped their target price on Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. CIBC raised their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, National Bankshares cut their price target on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Element Fleet Management presently has an average rating of "Buy" and a consensus target price of C$34.00.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The stock has a fifty day simple moving average of C$28.62 and a 200-day simple moving average of C$28.85. The company has a market capitalization of C$8.62 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

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

Insider Buying and Selling

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Also, 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 acquired at an average price of C$27.78 per share, with a total value of C$499,991.40. 0.26% of the stock is currently owned by insiders.

Element Fleet Management Company Profile

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.