Essential Utilities, Inc. (WTRG)
NYSE: WTRG · Real-Time Price · USD
38.63
+0.39 (1.02%)
Nov 4, 2024, 4:00 PM EST - Market closed
Essential Utilities Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Essential Utilities stock have an average target of 44.8, with a low estimate of 44 and a high estimate of 45. The average target predicts an increase of 15.97% from the current stock price of 38.63.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for WTRG stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 4 | 3 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 7 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $44 | Strong Buy | Initiates | $44 | +13.90% | Oct 7, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $45 | Strong Buy | Initiates | $45 | +16.49% | Sep 20, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $42 → $45 | Buy | Maintains | $42 → $45 | +16.49% | Aug 8, 2024 |
| Baird | Baird | Buy Maintains $43 → $45 | Buy | Maintains | $43 → $45 | +16.49% | Aug 7, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $42 → $45 | Buy | Maintains | $42 → $45 | +16.49% | Jul 31, 2024 |
Financial Forecast
Revenue This Year
2.19B
from 2.05B
Increased by 6.63%
Revenue Next Year
2.41B
from 2.19B
Increased by 9.95%
EPS This Year
2.09
from 1.86
Increased by 12.44%
EPS Next Year
2.17
from 2.09
Increased by 3.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.5B | 2.7B | 2.9B | ||
| Avg | 2.2B | 2.4B | 2.6B | ||
| Low | 1.9B | 2.1B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.7% | 21.8% | 19.7% | ||
| Avg | 6.6% | 10.0% | 8.6% | ||
| Low | -5.7% | -2.1% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.25 | 2.33 | 2.45 | ||
| Avg | 2.09 | 2.17 | 2.29 | ||
| Low | 1.93 | 2.05 | 2.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.8% | 11.5% | 12.5% | ||
| Avg | 12.4% | 4.0% | 5.5% | ||
| Low | 3.8% | -2.1% | -0.8% |
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.