Element Fleet Management (TSE:EFN) Shares Pass Above 200 Day Moving Average – Should You Sell?

Element Fleet Management Corp. (TSE:EFN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$36.32 and traded as high as C$36.76. Element Fleet Management shares last traded at C$36.29, with a volume of 840,128 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada set a C$47.00 target price on Element Fleet Management and gave the stock an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group upped their price objective on Element Fleet Management from C$41.00 to C$42.00 in a research note on Thursday, October 30th. National Bank Financial raised their price objective on shares of Element Fleet Management from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Scotiabank lifted their target price on shares of Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Raymond James Financial boosted their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$43.43.

Element Fleet Management Trading Up 0.4%

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 company has a market cap of C$14.51 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.97 and a beta of 0.31. The firm has a 50 day moving average price of C$35.49 and a two-hundred day moving average price of C$36.32.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$0.33 EPS for the quarter. The company had revenue of C$306.39 million for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%. As a group, equities analysts forecast that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.