Essential Utilities, Inc. (WTRG)
NYSE: WTRG · IEX Real-Time Price · USD
36.70
+0.80 (2.23%)
Apr 23, 2024, 2:59 PM EDT - Market open
Essential Utilities Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Essential Utilities stock have an average target of 44.75, with a low estimate of 42 and a high estimate of 50. The average target predicts an increase of 21.93% from the current stock price of 36.70.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 4, 2024.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 3 | 2 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $51 → $42 | Buy | Maintains | $51 → $42 | +14.44% | Mar 4, 2024 |
| Edward Jones | Edward Jones | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Nov 3, 2023 |
| UBS | UBS | Strong Buy Maintains $46 → $45 | Strong Buy | Maintains | $46 → $45 | +22.62% | Oct 4, 2023 |
| Northcoast Research | Northcoast Research | Hold → Strong Buy Upgrades $42 | Hold → Strong Buy | Upgrades | $42 | +14.44% | Sep 28, 2023 |
| Northcoast Research | Northcoast Research | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | May 18, 2023 |
Financial Forecast
Revenue This Year
2.41B
from 2.05B
Increased by 17.34%
Revenue Next Year
2.57B
from 2.41B
Increased by 6.64%
EPS This Year
2.02
from 1.86
Increased by 8.85%
EPS Next Year
2.16
from 2.02
Increased by 6.80%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.6B | 2.8B | 3.1B | 3.2B |
| Avg | 2.4B | 2.6B | 2.9B | 3.0B |
| Low | 2.1B | 2.2B | 2.7B | 2.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 28.8% | 17.8% | 19.0% | 10.3% |
| Avg | 17.3% | 6.6% | 11.5% | 4.1% |
| Low | 2.2% | -7.9% | 4.7% | -3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.10 | 2.26 | 2.37 | 2.85 |
| Avg | 2.02 | 2.16 | 2.28 | 2.55 |
| Low | 1.93 | 2.05 | 2.15 | 2.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 12.9% | 11.5% | 9.7% | 25.0% |
| Avg | 8.9% | 6.8% | 5.3% | 12.2% |
| Low | 3.8% | 1.2% | -0.7% | 3.3% |
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.