Element Fleet Management (OTCMKTS:ELEEF) Reaches New 12-Month Low – What’s Next?

Element Fleet Management Corp. (OTCMKTS:ELEEF) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $13.69 and last traded at $13.75, with a volume of 700 shares traded. The stock had previously closed at $13.8230.

Analysts Set New Price Targets

Several brokerages have recently commented on ELEEF. TD Securities restated a “buy” rating on shares of Element Fleet Management in a research report on Monday, October 19th. Scotiabank restated an “outperform” rating on shares of Element Fleet Management in a research note on Monday, October 26th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Element Fleet Management Price Performance

The firm has a 50 day moving average of $16.08 and a 200-day moving average of $20.49. The company has a market cap of $5.36 billion and a P/E ratio of 10.06. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54.

Element Fleet Management (OTCMKTS:ELEEF) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Element Fleet Management had a return on equity of 27.76% and a net margin of 23.24%. The company had revenue of $320.71 million for the quarter, compared to analysts’ expectations of $322.28 million.

Element Fleet Management Company Profile

Element Fleet Management is a fleet management company that helps businesses and public-sector organizations manage vehicle fleets. Its services cover the vehicle lifecycle, from acquisition and financing to ongoing operations and resale. The company offers fleet leasing and administration, maintenance coordination, fuel management, accident support, vehicle remarketing and fleet data services. It also helps clients assess and manage the transition to electric vehicles. Element serves customers in North America, Australia and New Zealand.