Element Fleet Management (TSE:EFN) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Element Fleet Management Corp. (TSE:EFN) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$28.33 and traded as high as C$30.04. Element Fleet Management shares last traded at C$29.80, with a volume of 625,917 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EFN shares. Raymond James Financial downgraded shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from C$42.50 to C$42.00 in a research note on Thursday, May 7th. Royal Bank Of Canada reduced their price target on shares of Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Finally, TD decreased their price target on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$41.88.

Element Fleet Management Price Performance

The company has a market cap of C$11.80 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.97 and a beta of 0.61. The stock has a 50-day simple moving average of C$28.33 and a 200 day simple moving average of C$31.66. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. The company had revenue of C$879.58 million for the quarter. Element Fleet Management had a return on equity of 10.62% and a net margin of 12.38%. On average, equities analysts expect that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.0%. Element Fleet Management’s dividend payout ratio is currently 52.84%.

Insider Buying and Selling at Element Fleet Management

In related news, insider James Halliday sold 67,102 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$28.07, for a total value of C$1,883,553.14. Following the completion of the sale, the insider owned 54,301 shares of the company’s stock, valued at C$1,524,229.07. This trade represents a 55.27% decrease in their ownership of the stock. Also, insider Laura Lee Dottori-Attanasio purchased 35,800 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of C$27.94 per share, with a total value of C$1,000,252.00. Following the acquisition, the insider owned 397,600 shares of the company’s stock, valued at C$11,108,944. This represents a 9.89% increase in their ownership of the stock. In the last 90 days, insiders purchased 38,420 shares of company stock worth $1,073,612. 0.26% of the stock is currently owned by corporate insiders.

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.