Essential Utilities, Inc. (WTRG)
NYSE: WTRG · Real-Time Price · USD
38.94
-0.01 (-0.03%)
At close: Nov 20, 2024, 4:00 PM
39.01
+0.07 (0.18%)
Pre-market: Nov 21, 2024, 7:31 AM EST
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, with a low estimate of 41 and a high estimate of 46. The average target predicts an increase of 12.99% from the current stock price of 38.94.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WTRG stock from 5 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 4 | 3 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| 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 → Hold Downgrades $44 → $41 | Strong Buy → Hold | Downgrades | $44 → $41 | +5.29% | Nov 7, 2024 |
| Baird | Baird | Buy Maintains $45 → $46 | Buy | Maintains | $45 → $46 | +18.13% | Nov 6, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $45 → $43 | Buy | Maintains | $45 → $43 | +10.43% | Nov 5, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $44 | Strong Buy | Initiates | $44 | +12.99% | Oct 7, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $45 | Strong Buy | Initiates | $45 | +15.56% | Sep 20, 2024 |
Financial Forecast
Revenue This Year
2.19B
from 2.05B
Increased by 6.53%
Revenue Next Year
2.41B
from 2.19B
Increased by 9.96%
EPS This Year
2.08
from 1.86
Increased by 11.82%
EPS Next Year
2.15
from 2.08
Increased by 3.59%
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 | 2.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.5% | 21.9% | 19.8% | ||
| Avg | 6.5% | 10.0% | 6.4% | ||
| Low | -5.7% | -2.0% | -7.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.26 | 2.26 | 2.39 | ||
| Avg | 2.08 | 2.15 | 2.28 | ||
| Low | 1.86 | 2.03 | 2.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.4% | 8.5% | 11.1% | ||
| Avg | 11.8% | 3.6% | 5.6% | ||
| Low | 0.1% | -2.5% | -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.