Essential Utilities Inc [WTRG] stock prices are up 0.80% to $35.44 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WTRG shares have gain 3.14% over the last week, with a monthly amount drifted -2.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Essential Utilities Inc [NYSE: WTRG] stock has seen the most recent analyst activity on November 03, 2023, when Edward Jones upgraded its rating to a Buy. Previously, Northcoast upgraded its rating to Buy on September 28, 2023, and kept the price target unchanged to $42. On May 18, 2023, downgrade downgraded it’s rating to Neutral. UBS upgraded its rating to a Buy and increased its price target to $55 on February 06, 2023. BofA Securities downgraded its rating to a Neutral but $52 remained the price target by the analyst firm on September 09, 2022. HSBC Securities upgraded its rating to Buy for this stock on August 18, 2022, and upped its price target to $57. In a note dated April 08, 2022, HSBC Securities downgraded an Hold rating on this stock but restated the target price of $53.
The stock price of Essential Utilities Inc [WTRG] has been fluctuating between $32.07 and $44.05 over the past year. Currently, Wall Street analysts expect the stock to reach $53.67 within the next 12 months. Essential Utilities Inc [NYSE: WTRG] shares were valued at $35.44 at the most recent close of the market. An investor can expect a potential return of 51.44% based on the average WTRG price forecast.
Analyzing the WTRG fundamentals
The Essential Utilities Inc [NYSE:WTRG] reported sales of 2.05B for trailing twelve months, representing a drop of -32.03%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.15 points at the first support level, and at 34.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.71, and for the 2nd resistance point, it is at 35.99.
Ratios To Look Out For
It’s worth pointing out that Essential Utilities Inc [NYSE:WTRG]’s Current Ratio is 0.62. On the other hand, the Quick Ratio is 0.48, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 4.72, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 19.03.
Transactions by insiders
Recent insider trading involved RUBIN ROBERT A, Chief Accounting Officer, that happened on Apr 01 ’24 when 5565.0 shares were sold. Chief Accounting Officer, RUBIN ROBERT A completed a deal on Mar 11 ’24 to sell 3551.0 shares. Meanwhile, Director Amato Elizabeth B bought 3100.0 shares on Mar 05 ’24.
