Element Fleet Management (TSE:EFN) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Element Fleet Management shares broke below their 200-day moving average (200‑day MA C$35.03), trading as low as C$30.60 and last at C$31.20 on volume of about 959,048 shares.
• Analysts remain largely positive — MarketBeat shows an average rating of Buy with an average price target of C$43.29, amid recent broker updates from TD, National Bank, Jefferies and RBC.
• The company carries a debt-to-equity ratio of 363.75, a market cap of C$12.39B and a P/E of 45.2, and pays a quarterly dividend of C$0.15 (annualized yield 1.9%, DPR ~54%).

Element Fleet Management Corp. (TSE:EFN - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$35.03 and traded as low as C$30.60. Element Fleet Management shares last traded at C$31.20, with a volume of 959,048 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EFN. TD Securities dropped their target price on Element Fleet Management from C$42.00 to C$41.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. National Bank Financial upped their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Jefferies Financial Group upgraded Element Fleet Management from a "hold" rating to a "buy" rating in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada set a C$47.00 price objective on Element Fleet Management and gave the stock an "outperform" rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Element Fleet Management presently has an average rating of "Buy" and an average price target of C$43.29.

Element Fleet Management Trading Up 1.9%

The company has a debt-to-equity ratio of 363.75, a quick ratio of 5.70 and a current ratio of 4.05. The firm has a market capitalization of C$12.39 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 2.97 and a beta of 0.33. The company has a 50 day moving average price of C$32.70 and a two-hundred day moving average price of C$35.03.

Element Fleet Management (TSE:EFN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$0.45 EPS for the quarter. The firm had revenue of C$430.19 million during the quarter. Element Fleet Management had a return on equity of 10.09% and a net margin of 12.07%. On average, research analysts forecast that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. Element Fleet Management's dividend payout ratio (DPR) is presently 54.23%.

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. The company's suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.

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