Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$28.04 and traded as high as C$29.35. Element Fleet Management shares last traded at C$29.26, with a volume of 346,968 shares.
Analyst Ratings Changes
Several research firms have recently weighed in on EFN. National Bankshares raised their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Raymond James lifted their price target on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Jefferies Financial Group lowered shares of Element Fleet Management from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. Scotiabank dropped their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Finally, CIBC upped their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$33.50.
Check Out Our Latest Report on Element Fleet Management
Element Fleet Management Price Performance
The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. The stock's 50-day moving average is C$29.02 and its 200-day moving average is C$28.04. The firm has a market cap of C$11.91 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.
Insider Activity at Element Fleet Management
In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio acquired 2,500 shares of the business's stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of C$28.78 per share, for a total transaction of C$71,950.00. Also, Senior Officer Carlos David Madrigal Gonzalez purchased 3,375 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of C$28.92 per share, with a total value of C$97,618.50. Over the last quarter, insiders have acquired 19,625 shares of company stock valued at $562,999 and have sold 38,948 shares valued at $1,154,902. 0.26% of the stock is currently owned by insiders.
About Element Fleet Management
(
Get Free Report)
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.
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