Element Fleet Management (TSE:EFN) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Element Fleet Management Corp. (TSE:EFN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$35.03 and traded as low as C$30.60. Element Fleet Management shares last traded at C$31.20, with a volume of 959,048 shares traded.

Analysts Set New Price Targets

Several brokerages have recently commented on EFN. National Bank Financial raised their price objective 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 report on Monday, January 26th. TD Securities reduced their price objective on shares of Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group raised shares of Element Fleet Management from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$43.29.

Element Fleet Management Trading Up 3.1%

The business has a fifty day moving average of C$32.57 and a 200-day moving average of C$34.96. The company has a debt-to-equity ratio of 363.75, a quick ratio of 5.70 and a current ratio of 4.05. The company has a market capitalization of C$12.53 billion, a P/E ratio of 45.71, a PEG ratio of 2.97 and a beta of 0.33.

Element Fleet Management (TSE:EFN) last issued its earnings results on Wednesday, February 25th. The financial services provider reported C$0.45 earnings per share (EPS) for the quarter. Element Fleet Management had a return on equity of 10.09% and a net margin of 12.07%.The company had revenue of C$430.19 million for the quarter. Analysts anticipate that Element Fleet Management Corp. will post 1.6884016 earnings per share 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, March 31st. Element Fleet Management’s dividend payout ratio (DPR) 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.