Middlesex Water Company (MSEX)
NASDAQ: MSEX · IEX Real-Time Price · USD
48.00
+1.36 (2.92%)
At close: Apr 19, 2024, 4:00 PM
48.03
+0.03 (0.06%)
After-hours: Apr 19, 2024, 7:59 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 59, which predicts an increase of 22.92% from the current stock price of 48.00.
Analyst Consensus: Buy
* Price targets were last updated on Mar 1, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 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 | 2 | 2 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $69 → $59 | Buy | Maintains | $69 → $59 | +22.92% | Mar 1, 2024 |
| Baird | Baird | Buy Maintains $88 → $85 | Buy | Maintains | $88 → $85 | +77.08% | May 2, 2023 |
| Baird | Baird | Buy Maintains $97 → $88 | Buy | Maintains | $97 → $88 | +83.33% | 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 |
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Apr 14, 2021 |
Financial Forecast
Revenue This Year
194.92M
from 166.27M
Increased by 17.23%
Revenue Next Year
204.20M
from 194.92M
Increased by 4.76%
EPS This Year
2.31
from 1.76
Increased by 30.98%
EPS Next Year
2.46
from 2.31
Increased by 6.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 210.2M | 219.9M | 235.3M |
| Avg | 194.9M | 204.2M | 228.6M |
| Low | 178.4M | 187.2M | 219.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 26.4% | 12.8% | 15.2% |
| Avg | 17.2% | 4.8% | 11.9% |
| Low | 7.3% | -4.0% | 7.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.39 | 2.54 | 2.86 |
| Avg | 2.31 | 2.46 | 2.77 |
| Low | 2.20 | 2.35 | 2.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.0% | 10.2% | 16.2% |
| Avg | 31.0% | 6.6% | 12.9% |
| Low | 24.7% | 2.0% | 8.4% |
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.