Element Fleet Management (TSE:EFN) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Element Fleet Management Corp. (TSE:EFN)’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 brokerages have issued reports on EFN. National Bankshares boosted their target price on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Scotiabank decreased their price target on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. TD Securities upped their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Raymond James increased their target price on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Finally, Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and lowered their target price for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.50.

Element Fleet Management Price Performance

The firm has a fifty day moving average of C$29.01 and a two-hundred day moving average of C$28.04. The stock has a market capitalization of C$11.81 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

Insider Activity

In related news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$27.40, for a total transaction of C$142,480.00. Also, Senior Officer Laura Lee Dottori-Attanasio bought 10,500 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of C$28.70 per share, for a total transaction of C$301,350.00. In the last quarter, insiders acquired 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

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.