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

Key Points

• Technical signal: Element Fleet's stock crossed below its 200‑day moving average (C$35.48), trading as low as C$30.64 and last at C$30.70 on heavy volume — a potential bearish indicator.
• Analyst sentiment: Despite the technical drop, consensus remains a "Buy" with a target of C$43.29 and several upgrades, including National Bank Financial raising its target to C$50 and Jefferies upgrading to "Buy".
• Financials & dividend: The company has a C$12.2B market cap, a high PE of 44.49 and a very high debt‑to‑equity ratio (363.75) but strong liquidity; it pays a quarterly $0.15 dividend (annualized $0.60, ~2.0% yield, ~54% payout).

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$35.48 and traded as low as C$30.64. Element Fleet Management shares last traded at C$30.70, with a volume of 840,018 shares traded.

Analyst Upgrades and Downgrades

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

Element Fleet Management Stock Up 0.5%

The stock has a market cap of C$12.20 billion, a PE ratio of 44.49, a P/E/G ratio of 2.97 and a beta of 0.23. The business has a 50 day moving average price of C$33.49 and a 200 day moving average price of C$35.48. The company has a quick ratio of 5.70, a current ratio of 4.05 and a debt-to-equity ratio of 363.75.

Element Fleet Management (TSE:EFN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$0.45 earnings per share for the quarter. Element Fleet Management had a return on equity of 8.48% and a net margin of 10.11%.The company had revenue of C$430.19 million during the quarter. Equities research analysts expect that Element Fleet Management Corp. will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, March 31st. Element Fleet Management's payout ratio is currently 54.23%.

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. 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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