Element Fleet Management (TSE:EFN) Stock Price Passes Above 200 Day Moving Average - What's Next?

Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$29.02 and traded as high as C$31.91. Element Fleet Management shares last traded at C$31.14, with a volume of 454,885 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on EFN shares. Jefferies Financial Group lowered their price target on shares of Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a "hold" rating in a research note on Sunday, April 20th. CIBC lifted their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. National Bankshares lowered their price objective on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Finally, Raymond James lifted their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Element Fleet Management presently has a consensus rating of "Moderate Buy" and an average price target of C$34.38.

Element Fleet Management Stock Performance

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 company has a 50-day moving average price of C$29.58 and a two-hundred day moving average price of C$29.11. The stock has a market capitalization of C$9.34 billion, a P/E ratio of 27.04, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. 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. Element Fleet Management's dividend payout ratio is 39.84%.

Insider Buying and Selling

In other news, Director Luis Manuel Enrique Tellez Kuenzler bought 4,300 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of C$31.58 per share, with a total value of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of C$27.06 per share, with a total value of C$57,010.36. Over the last three months, insiders have purchased 24,407 shares of company stock worth $692,783. 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.