Essential Utilities, Inc. (WTRG)
NYSE: WTRG · Real-Time Price · USD
36.36
+0.18 (0.50%)
At close: Dec 20, 2024, 4:00 PM
37.19
+0.83 (2.28%)
After-hours: Dec 20, 2024, 4:10 PM 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 21.01% from the current stock price of 36.36.
Analyst Consensus: Buy
* Price targets were last updated on Nov 7, 2024.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 3 | 1 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 7 | 6 | 5 | 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 | +12.76% | Nov 7, 2024 |
| Baird | Baird | Buy Maintains $45 → $46 | Buy | Maintains | $45 → $46 | +26.51% | Nov 6, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $45 → $43 | Buy | Maintains | $45 → $43 | +18.26% | Nov 5, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $44 | Strong Buy | Initiates | $44 | +21.01% | Oct 7, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $45 | Strong Buy | Initiates | $45 | +23.76% | Sep 20, 2024 |
Financial Forecast
Revenue This Year
2.21B
from 2.05B
Increased by 7.80%
Revenue Next Year
2.40B
from 2.21B
Increased by 8.54%
EPS This Year
2.08
from 1.86
Increased by 11.84%
EPS Next Year
2.16
from 2.08
Increased by 3.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.5B | 2.6B | 2.9B | |||
| Avg | 2.2B | 2.4B | 2.5B | |||
| Low | 2.0B | 2.1B | 2.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 19.8% | 18.6% | 18.7% | |||
| Avg | 7.8% | 8.5% | 5.6% | |||
| Low | -3.9% | -3.2% | -7.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.26 | 2.31 | 2.37 | |||
| Avg | 2.08 | 2.16 | 2.27 | |||
| Low | 1.86 | 2.03 | 2.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 21.4% | 11.0% | 9.9% | |||
| Avg | 11.8% | 3.8% | 5.4% | |||
| Low | 0.1% | -2.5% | -1.0% |
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.