Chesapeake Utilities Corporation (CPK)
NYSE: CPK · IEX Real-Time Price · USD
107.88
+1.86 (1.75%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Chesapeake Utilities Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for CPK stock have an average target of 112.5, with a low estimate of 100 and a high estimate of 124. The average target predicts an increase of 4.28% from the current stock price of 107.88.
Analyst Consensus: Buy
* Price targets were last updated on May 30, 2024.
Analyst Ratings
The average analyst rating for CPK stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Initiates $111 | Hold | Initiates | $111 | +2.89% | May 30, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $105 → $115 | Hold | Maintains | $105 → $115 | +6.60% | May 10, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $123 → $124 | Buy | Maintains | $123 → $124 | +14.94% | Mar 1, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $101 → $105 | Hold | Maintains | $101 → $105 | -2.67% | Feb 23, 2024 |
| RBC Capital | RBC Capital | Hold → Buy Upgrades $111 → $123 | Hold → Buy | Upgrades | $111 → $123 | +14.02% | Jan 10, 2024 |
Financial Forecast
Revenue This Year
855.04M
from 670.60M
Increased by 27.50%
Revenue Next Year
920.86M
from 855.04M
Increased by 7.70%
EPS This Year
5.45
from 4.73
Increased by 15.14%
EPS Next Year
6.33
from 5.45
Increased by 16.14%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.0B | 1.1B | 1.3B | 1.3B | 1.5B |
| Avg | 855.0M | 920.9M | 992.6M | 1.1B | 1.2B |
| Low | 761.5M | 818.3M | 872.2M | 930.9M | 973.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 52.4% | 34.1% | 37.9% | 35.7% | 37.1% |
| Avg | 27.5% | 7.7% | 7.8% | 8.7% | 12.4% |
| Low | 13.5% | -4.3% | -5.3% | -6.2% | -9.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.69 | 6.65 | 7.16 | 7.67 | 8.40 |
| Avg | 5.45 | 6.33 | 6.82 | 7.32 | 7.95 |
| Low | 5.23 | 6.09 | 6.59 | 7.03 | 7.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.3% | 22.0% | 13.2% | 12.3% | 14.8% |
| Avg | 15.1% | 16.1% | 7.9% | 7.3% | 8.6% |
| Low | 10.6% | 11.7% | 4.1% | 3.0% | 3.4% |
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.