Element Fleet Management (TSE:EFN) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.48 and traded as high as C$32.54. Element Fleet Management shares last traded at C$32.47, with a volume of 648,791 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on EFN. National Bankshares dropped their target price on Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Raymond James increased their target price on Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. BMO Capital Markets raised their price objective on Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Jefferies Financial Group lowered their price objective on Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods upgraded Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Element Fleet Management presently has an average rating of "Moderate Buy" and a consensus target price of C$34.38.

Element Fleet Management Stock Down 1.6%

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 stock has a 50 day simple moving average of C$30.74 and a 200 day simple moving average of C$29.48. The stock has a market cap of C$9.15 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.13 per share. This is a boost from Element Fleet Management's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. Element Fleet Management's payout ratio is presently 39.84%.

Insider Activity at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of C$27.06 per share, with a total value of C$57,010.36. Also, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of C$31.58 per share, for a total transaction of C$135,781.10. 0.26% of the stock is owned by insiders.

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.