Element Fleet Management (OTCMKTS:ELEEF) Hits New 52-Week Low - Time to Sell?

Key Points

• Element Fleet Management hit a new 52-week low, trading as low as $14.34 and last at $14.48, down from its prior close of $15.83.
• Analyst sentiment remained positive: Scotiabank reiterated “outperform,” TD Securities reaffirmed “buy,” and MarketBeat reported an average rating of “Buy.”
• Quarterly EPS of $0.35 matched consensus, while revenue of $320.71 million came in slightly below the $322.28 million estimate.

Element Fleet Management Corp. (OTCMKTS:ELEEF - Get Free Report) hit a new 52-week low on Wednesday. The stock traded as low as $14.34 and last traded at $14.48, with a volume of 800 shares. The stock had previously closed at $15.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of Element Fleet Management in a research note on Monday, October 26th. TD Securities restated a "buy" rating on shares of Element Fleet Management in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, Element Fleet Management presently has an average rating of "Buy".

Element Fleet Management Stock Down 11.9%

The firm has a market cap of $5.46 billion and a price-to-earnings ratio of 18.84. The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47. The firm's 50 day moving average price is $16.80 and its two-hundred day moving average price is $20.87.

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%. The company had revenue of $320.71 million during the quarter, compared to the consensus estimate of $322.28 million.

About Element Fleet Management

Element Fleet Management Corp. is a Canada-based fleet management company that provides services for organizations operating commercial and corporate vehicles. The company helps clients manage the full vehicle lifecycle, from acquisition and financing to maintenance, accident management, driver safety, remarketing and vehicle replacement.

Its offerings include fleet consulting, telematics and data solutions, fuel and maintenance management, leasing, vehicle procurement, and support for fleet electrification.

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