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

Shares of Element Fleet Management Corp. (TSE:EFN) hit a new 52-week low during trading 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 traded. The stock had previously closed at C$21.53.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EFN shares. Raymond James Financial decreased their price objective 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 dropped their target price 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 research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Element Fleet Management has an average rating of “Buy” and an average target price of C$39.75.

Element Fleet Management Stock Performance

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

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

Insider Activity at Element Fleet Management

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

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.