Element Fleet Management (EFN) Stock Forecast & Price Target

C$27.42

-0.15 (-0.54%)

(As of 09/6/2024 ET)

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Element Fleet Management - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Element Fleet Management in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a sell rating, 7 have given a buy rating, and 1 has given a strong buy rating for EFN.

Consensus Price Target

C$31.25
13.97% Upside

High Forecast	C$35.00
Average Forecast	C$31.25
Low Forecast	C$28.00

According to the 9 analysts' twelve-month price targets for Element Fleet Management, the average price target is C$31.25. The highest price target for EFN is C$35.00, while the lowest price target for EFN is C$28.00. The average price target represents a forecasted upside of 13.97% from the current price of C$27.42.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$31.25	C$29.33	C$28.50	C$25.38
Forecasted Upside	13.97% Upside	21.90% Upside	22.68% Upside	24.44% Upside

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EFN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EFN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Element Fleet Management Stock vs. The Competition

Type	Element Fleet Management	Industrials Companies
Consensus Rating Score	2.89	2.60
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/15/2024	BMO Capital Markets 4 of 5 stars	Boost Target		C$28.00 ➝ C$32.00	+17.82%
8/14/2024	Raymond James 4 of 5 stars	Boost Target	Strong-Buy	C$29.00 ➝ C$30.00	+11.11%
8/14/2024	TD Securities 4 of 5 stars	Boost Target	Buy	C$28.00 ➝ C$30.00	+11.11%
8/14/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$33.00 ➝ C$34.00	+25.93%
8/14/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$33.00 ➝ C$35.00	+29.63%
7/30/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$28.00 ➝ C$31.00	+16.80%
Get the Latest News and Ratings for EFN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Element Fleet Management and its competitors with MarketBeat's FREE daily newsletter.
7/29/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$28.00 ➝ C$30.00	+12.78%
7/24/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$27.00 ➝ C$28.00	+6.02%
2/29/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Reduce
8/10/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$24.00 ➝ C$26.00	+23.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:06 PM ET.

EFN Forecast - Frequently Asked Questions

What is Element Fleet Management's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Element Fleet Management is C$31.25, with a high forecast of C$35.00 and a low forecast of C$28.00.
Should I buy or sell Element Fleet Management stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Element Fleet Management in the last twelve months. There is currently 1 sell rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EFN shares.
Does Element Fleet Management's stock price have much upside?: According to analysts, Element Fleet Management's stock has a predicted upside of 18.34% based on their 12-month stock forecasts.
What analysts cover Element Fleet Management?: Element Fleet Management has been rated by research analysts at BMO Capital Markets, CIBC, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
Do Wall Street analysts like Element Fleet Management more than its competitors?: Analysts like Element Fleet Management more than other "industrials" companies. The consensus rating score for Element Fleet Management is 2.89 while the average consensus rating score for "industrials" companies is 2.60. Learn more on how EFN compares to other companies.