Middlesex Water Company (MSEX)
NASDAQ: MSEX · IEX Real-Time Price · USD
53.38
+0.55 (1.04%)
At close: Jul 2, 2024, 4:00 PM
54.39
+1.01 (1.89%)
After-hours: Jul 2, 2024, 4:25 PM EDT
Middlesex Water Company Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for MSEX stock has a target of 58, which predicts an increase of 8.65% from the current stock price of 53.38.
Analyst Consensus: Buy
* Price targets were last updated on May 9, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for MSEX is "Buy". This means that the analyst believes 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 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $56 → $58 | Buy | Maintains | $56 → $58 | +8.65% | May 9, 2024 |
| Baird | Baird | Buy Maintains $69 → $59 | Buy | Maintains | $69 → $59 | +10.53% | Mar 1, 2024 |
| Baird | Baird | Buy Maintains $88 → $85 | Buy | Maintains | $88 → $85 | +59.24% | May 2, 2023 |
| Baird | Baird | Buy Maintains $97 → $88 | Buy | Maintains | $97 → $88 | +64.86% | Mar 1, 2023 |
| Janney Montgomery Scott | Janney Montgomery Scott | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Jun 24, 2022 |
Financial Forecast
Revenue This Year
190.94M
from 166.27M
Increased by 14.83%
Revenue Next Year
202.16M
from 190.94M
Increased by 5.88%
EPS This Year
2.34
from 1.76
Increased by 32.72%
EPS Next Year
2.41
from 2.34
Increased by 3.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 202.0M | 215.7M | 228.7M |
| Avg | 190.9M | 202.2M | 222.2M |
| Low | 178.4M | 187.2M | 213.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.5% | 13.0% | 13.1% |
| Avg | 14.8% | 5.9% | 9.9% |
| Low | 7.3% | -2.0% | 5.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.42 | 2.52 | 2.65 |
| Avg | 2.34 | 2.41 | 2.57 |
| Low | 2.23 | 2.28 | 2.47 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 37.2% | 7.9% | 9.7% |
| Avg | 32.7% | 3.3% | 6.6% |
| Low | 27.0% | -2.2% | 2.4% |
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.