Element Fleet Management (TSE:EFN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Element Fleet Management Corp. (TSE:EFN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EFN. Raymond James boosted their target price on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. TD Securities boosted their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Jefferies Financial Group downgraded Element Fleet Management from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. CIBC boosted their target price on 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. Finally, National Bankshares boosted their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Element Fleet Management presently has a consensus rating of “Moderate Buy” and an average target price of C$33.63.

Element Fleet Management Stock Down 0.6 %

The firm’s 50-day simple moving average is C$28.79 and its 200 day simple moving average is C$28.55. The company has a market cap of C$8.28 billion, a P/E ratio of 23.97, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Also, Senior Officer Laura Lee Dottori-Attanasio bought 10,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of C$28.70 per share, with a total value of C$301,350.00. In the last 90 days, insiders acquired 15,550 shares of company stock worth $445,872. Insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.