Element Fleet Management (TSE:EFN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Element Fleet Management Corp. (TSE:EFN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.82 and traded as high as C$30.17. Element Fleet Management shares last traded at C$30.02, with a volume of 668,969 shares traded.

Analysts Set New Price Targets

EFN has been the subject of a number of research reports. CIBC lifted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Raymond James raised their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. Finally, National Bankshares reduced their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$34.00.

Element Fleet Management Stock Up 0.9 %

The firm’s fifty day moving average is C$28.54 and its 200-day moving average is C$28.83. The stock has a market capitalization of C$8.62 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64.

Element Fleet Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Element Fleet Management’s previous quarterly dividend of $0.12. Element Fleet Management’s payout ratio is currently 39.84%.

Insider Activity

In other news, Senior Officer Carlos David Madrigal Gonzalez bought 2,107 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of C$27.78 per share, with a total value of C$499,991.40. 0.26% of the stock is currently owned by company insiders.

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.