Year-to-date, its share price has rallied nearly 15 per cent, outperforming the S&P/TSX composite index, which is up 5.5 per cent
On today’s Breakouts report, there are 20 stocks on the positive breakouts list , and 33 stocks are on the negative breakouts list .
The company has a diversified client base serving blue-chip customers across different industries and geographies including Amazon.Element is a leading pure-play commercial vehicle fleet management company.. Successfully executing on its stated objectives.Management targets achieving net revenue growth of between 6 per cent and 8 per cent in 2024. Management has guided to basis earnings per share growth of between 7 per cent and 11 per cent in 2024 .
The firms providing recent analyst coverage on the company are: BMO Nesbitt Burns, CIBC World Markets, Jefferies, National Bank Financial, Raymond James, RBC Dominion Securities, Scotiabank, TD Cowen, and Veritas Investment Research.BMO’s Tom MacKinnon to $28 from $26.National Bank Financial’s Jaeme Gloyn to $33 from $31.TD’s Graham Rydingto $28 from $27.Net revenues of between US$1.02-billion and US$1.04-billion .Adjusted free cash flow per share of between US$1.31 and US$1.34 .
On May 21, director Keith Graham sold 25,000 shares at a price per share of $24.70. Proceeds from the sale totaled over $617,000, excluding trading fees.As of the close on Monday, the stock was a penny away from closing at a new record high. In terms of key technical resistance and support levels, the share price faces an initial ceiling of resistance around $25. After that, there is overhead resistance between $28 and $30. Looking at the downside, there is initial technical support around $23, near its 50-day moving average . Failing that, there is support around $21.50, close to its 200-day moving average , and major support around $20.
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