Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Up – Here’s Why

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $18.63, but opened at $19.79. Element Fleet Management shares last traded at $19.98, with a volume of 2,000 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Element Fleet Management to a “buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, Element Fleet Management has a consensus rating of “Buy”.

Element Fleet Management Price Performance

The company has a market cap of $8.02 billion and a P/E ratio of 27.34. The company has a fifty day simple moving average of $21.31 and a 200-day simple moving average of $23.60. The company has a debt-to-equity ratio of 3.55, a current ratio of 7.73 and a quick ratio of 7.73.

Element Fleet Management (OTCMKTS:ELEEF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $323.52 million for the quarter, compared to analysts’ expectations of $311.40 million. Element Fleet Management had a return on equity of 23.87% and a net margin of 23.95%.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.