Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$28.55 and traded as high as C$29.20. Element Fleet Management shares last traded at C$28.88, with a volume of 348,656 shares changing hands.
Analyst Upgrades and Downgrades
EFN has been the topic of a number of research reports. CIBC boosted their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. National Bankshares cut their price target on Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a report on Thursday. Scotiabank cut their price target on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Raymond James boosted their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday. Finally, Jefferies Financial Group lowered Element Fleet Management from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$34.00.
Read Our Latest Report on Element Fleet Management
Element Fleet Management Stock Up 0.8 %
The firm has a 50 day simple moving average of C$28.82 and a 200-day simple moving average of C$28.60. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The stock has a market cap of C$8.29 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.
Insider Buying and Selling
In other news, Senior Officer Heath Leslie Valkenburg purchased 2,550 shares of the company's stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of C$28.46 per share, for a total transaction of C$72,571.98. Also, Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of C$28.78 per share, with a total value of C$71,950.00. Insiders have purchased 15,550 shares of company stock valued at $445,872 over the last 90 days. 0.26% of the stock is owned by corporate insiders.
About Element Fleet Management
(
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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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