Element Fleet Management (TSE:EFN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Element Fleet Management shares surpassed their two hundred day moving average, trading as high as C$37.26 while the current trading price is C$37.18.
• Several analysts have raised their price targets for Element Fleet Management, with TD Securities increasing its target from C$41.00 to C$42.00 and National Bankshares raising its target from C$46.00 to C$47.00.
• The company recently declared a quarterly dividend of $0.13 per share, reflecting an annualized dividend of $0.52 and a yield of 1.4%.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.63 and traded as high as C$37.26. Element Fleet Management shares last traded at C$37.18, with a volume of 547,477 shares trading hands.

Analyst Ratings Changes

A number of analysts have commented on EFN shares. TD Securities increased their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 and gave the company a "buy" rating in a report on Thursday, August 7th. National Bankshares increased their price objective on shares of Element Fleet Management from C$46.00 to C$47.00 in a report on Thursday, August 7th. Raymond James Financial raised their price target on shares of Element Fleet Management from C$36.00 to C$40.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. BMO Capital Markets raised their price target on shares of Element Fleet Management from C$35.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Scotiabank raised their price target on shares of Element Fleet Management from C$33.00 to C$40.00 in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$40.00.

Element Fleet Management Price Performance

The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The company's fifty day moving average is C$36.49 and its two-hundred day moving average is C$32.86. The stock has a market cap of C$14.86 billion, a price-to-earnings ratio of 37.01, a P/E/G ratio of 2.97 and a beta of 0.54.

Element Fleet Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 30th. Element Fleet Management's dividend payout ratio (DPR) is 36.52%.

Insiders Place Their Bets

In related news, insider Heath Leslie Valkenburg bought 813 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of C$36.90 per share, for a total transaction of C$29,999.70. Following the acquisition, the insider owned 4,153 shares of the company's stock, valued at approximately C$153,245.70. This trade represents a 24.34% increase in their ownership of the stock. Company insiders own 0.26% of the company's stock.

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.