Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Up – Should You Buy?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $23.59, but opened at $24.48. Element Fleet Management shares last traded at $24.48, with a volume of 101 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Element Fleet Management to a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Element Fleet Management Stock Up 3.8%

The company has a fifty day moving average of $23.47 and a two-hundred day moving average of $25.10. The company has a market cap of $9.72 billion and a PE ratio of 35.48. The company has a debt-to-equity ratio of 20.08, a quick ratio of 6.92 and a current ratio of 6.92.

Element Fleet Management (OTCMKTS:ELEEF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Element Fleet Management had a net margin of 23.55% and a return on equity of 22.68%. The company had revenue of $313.00 million for the quarter, compared to analysts’ expectations of $317.79 million.

About Element Fleet Management

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.