Element Fleet Management Corp (TSE:EFN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.
A number of equities research analysts have recently weighed in on EFN shares. Royal Bank of Canada raised their price target on Element Fleet Management from C$12.00 to C$13.00 and gave the stock a “top pick” rating in a research note on Thursday, August 1st. Raymond James set a C$12.50 price objective on Element Fleet Management and gave the company a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, TD Securities raised their price objective 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. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$11.38.
The stock has a 50 day moving average of C$10.42 and a two-hundred day 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 firm has a market capitalization 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 for the quarter, meeting the Zacks’ consensus estimate of C$0.21. The company had revenue of C$249.57 million during the quarter, compared to the consensus estimate of C$237.00 million. Sell-side analysts predict that Element Fleet Management Corp will post 1.0199999 EPS for the current 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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