Element Fleet Management (TSE:EFN) Stock Crosses Above Two Hundred Day Moving Average of $9.37

Shares of Element Fleet Management Corp (TSE:EFN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.37 and traded as high as $10.80. Element Fleet Management shares last traded at $10.75, with a volume of 200,061 shares trading hands.

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Element Fleet Management from C$12.00 to C$13.00 and gave the company a “top pick” rating in a research note on Thursday, August 1st. TD Securities boosted their price target on Element Fleet Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Raymond James set a C$12.50 price target on Element Fleet Management and gave the company a “strong-buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$11.38.

The company has a 50-day simple moving average of C$10.42 and a 200-day simple moving average of C$9.37. The company has a debt-to-equity ratio of 331.15, a quick ratio of 9.25 and a current ratio of 9.60. The stock has a market cap of $4.69 billion and a P/E ratio of -22.49.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported C$0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.21. The business had revenue of C$249.57 million during the quarter, compared to the consensus estimate of C$237.00 million. As a group, sell-side analysts expect that Element Fleet Management Corp will post 1.0199999 earnings per share for the current fiscal year.

About Element Fleet Management (TSE:EFN)

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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