Element Fleet Management (TSE:EFN) Stock Price Passes Below Two Hundred Day Moving Average of $21.54

Element Fleet Management Corp. (TSE:EFN - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.54 and traded as low as C$21.41. Element Fleet Management shares last traded at C$21.57, with a volume of 435,704 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EFN shares. Raymond James raised their price target on shares of Element Fleet Management from C$26.00 to C$29.00 and gave the company a "strong-buy" rating in a research report on Wednesday, February 28th. Scotiabank raised their price target on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. TD Securities lifted their target price on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. CIBC lifted their target price on shares of Element Fleet Management from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada lifted their target price on shares of Element Fleet Management from C$30.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$27.63.

Element Fleet Management Stock Performance

The firm has a market cap of C$8.41 billion, a PE ratio of 19.46, a PEG ratio of 2.97 and a beta of 0.84. The company has a current ratio of 6.78, a quick ratio of 5.70 and a debt-to-equity ratio of 280.50. The firm's 50 day simple moving average is C$22.18 and its 200 day simple moving average is C$21.54.

Element Fleet Management (TSE:EFN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.32 by C$0.01. The business had revenue of C$333.36 million for the quarter, compared to analysts' expectations of C$334.92 million. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. On average, research analysts forecast that Element Fleet Management Corp. will post 1.4296824 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.22%. Element Fleet Management's dividend payout ratio (DPR) is presently 43.24%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Yu Xiang Jin bought 2,500 shares of Element Fleet Management stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of C$22.02 per share, for a total transaction of C$55,050.00. In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$23.01, for a total value of C$774,608.64. Also, Senior Officer Yu Xiang Jin purchased 2,500 shares of the firm's stock in a transaction on Monday, March 25th. The stock was bought at an average cost of C$22.02 per share, with a total value of C$55,050.00. Insiders own 0.24% of the company's stock.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.