Element Fleet Management (TSE:EFN) Hits New 12-Month Low - What's Next?

Key Points

• Element Fleet Management shares fell to a new 52-week low of C$21.04, well below their 50-day and 200-day moving averages.
• Analysts have lowered their price targets, but the overall consensus remains “Buy”; eight analysts rate the stock Buy, with a consensus target of C$39.75.
• The company reported quarterly EPS of C$0.48 on revenue of C$451.94 million, while insider activity included a major share sale by Jacob Eisenberg and a smaller purchase by Jose Manuel Tamayo.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) reached a new 52-week low on Monday. The company traded as low as C$21.04 and last traded at C$21.06, with a volume of 154,915 shares. The stock had previously closed at C$21.53.

Analyst Ratings Changes

Several equities analysts have commented on EFN shares. Raymond James Financial cut their price target on Element Fleet Management from C$42.00 to C$32.00 and set an "outperform" rating for the company in a report on Tuesday, October 6th. RBC Dominion Securities decreased their price objective on Element Fleet Management from C$40.00 to C$33.00 and set an "outperform" rating on the stock in a report on Thursday. Eight analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$39.75.

Element Fleet Management Stock Performance

The firm has a market capitalization of C$8.10 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The stock has a 50-day moving average of C$25.02 and a 200 day moving average of C$28.01. The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03.

Element Fleet Management (TSE:EFN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The business had revenue of C$451.94 million for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. On average, research analysts anticipate that Element Fleet Management Corp. will post 1.69 earnings per share for the current year.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the sale, the insider owned 64,897 shares of the company's stock, valued at approximately C$1,704,195.22. This represents a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo acquired 2,343 shares of the company's stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of C$24.75 per share, for a total transaction of C$57,989.25. Following the purchase, the insider directly owned 3,844 shares in the company, valued at C$95,139. This trade represents a 156.10% increase in their position. Corporate insiders own 0.26% of the company's stock.

Element Fleet Management Company Profile

Element Fleet Management TSX: EFN is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.

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