Element Fleet Management Corp. (TSE:EFN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.44 and traded as low as C$28.29. Element Fleet Management shares last traded at C$28.62, with a volume of 413,529 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on EFN. Jefferies Financial Group downgraded shares of Element Fleet Management from a "buy" rating to a "hold" rating and cut their price target for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. CIBC raised their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. National Bankshares lifted their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. TD Securities lifted their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Raymond James lifted their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$33.63.
Check Out Our Latest Research Report on Element Fleet Management
Element Fleet Management Price Performance
The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The company has a market cap of C$8.36 billion, a PE ratio of 24.21, a PEG ratio of 2.97 and a beta of 0.91. The company's 50-day simple moving average is C$28.77 and its 200 day simple moving average is C$28.47.
Insider Buying and Selling at Element Fleet Management
In other news, Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of C$28.46 per share, with a total value of C$72,571.98. Also, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Insiders acquired 15,550 shares of company stock valued at $445,872 in the last 90 days. Company insiders own 0.26% of the company's stock.
Element Fleet Management Company Profile
(
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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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