Elme Communities (ELME)
NYSE: ELME · IEX Real-Time Price · USD
14.86
+0.14 (0.95%)
Apr 19, 2024, 4:00 PM EDT - Market closed
Elme Communities Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Elme Communities stock have an average target of 16.67, with a low estimate of 14 and a high estimate of 18. The average target predicts an increase of 12.18% from the current stock price of 14.86.
Analyst Consensus: Hold
* Price targets were last updated on Dec 18, 2023.
Analyst Ratings
The average analyst rating for ELME stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold → Buy Upgrades $16 → $18 | Hold → Buy | Upgrades | $16 → $18 | +21.13% | Dec 18, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $16 → $14 | Hold | Maintains | $16 → $14 | -5.79% | Nov 9, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $18 → $15 | Hold | Maintains | $18 → $15 | +0.94% | Sep 12, 2023 |
| Truist Securities | Truist Securities | Hold Maintains $19 → $18 | Hold | Maintains | $19 → $18 | +21.13% | Jun 28, 2023 |
| Truist Securities | Truist Securities | Hold Maintains $18 → $19 | Hold | Maintains | $18 → $19 | +27.86% | Feb 21, 2023 |
Financial Forecast
Revenue This Year
245.98M
from 227.91M
Increased by 7.93%
Revenue Next Year
252.51M
from 245.98M
Increased by 2.65%
EPS This Year
-0.06
from -0.61
EPS Next Year
-0.07
from -0.06
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 258.5M | 265.5M | 275.3M |
| Avg | 246.0M | 252.5M | 264.8M |
| Low | 233.2M | 239.9M | 251.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.4% | 8.0% | 9.0% |
| Avg | 7.9% | 2.7% | 4.9% |
| Low | 2.3% | -2.5% | -0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.06 | -0.07 | -0.06 |
| Avg | -0.06 | -0.07 | -0.06 |
| Low | -0.06 | -0.07 | -0.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.