Element Fleet Management (TSE:EFN) Hits New 52-Week Low – Time to Sell?

Element Fleet Management Corp. (TSE:EFN) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$25.32 and last traded at C$26.00, with a volume of 3055017 shares traded. The stock had previously closed at C$27.47.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Securities cut their target price on Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada cut their target price on Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. National Bank Financial upped their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group raised Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, TD cut their target price on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$41.88.

Element Fleet Management Stock Performance

The company has a quick ratio of 5.70, a current ratio of -1,554.01 and a debt-to-equity ratio of 358.10. The company has a market cap of C$10.30 billion, a P/E ratio of 35.14, a P/E/G ratio of 2.97 and a beta of 0.32. The business has a fifty day moving average of C$29.95 and a 200 day moving average of C$33.01.

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

Element Fleet Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. Element Fleet Management’s dividend payout ratio (DPR) is presently 52.84%.

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. 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.