Essential Utilities Inc [WTRG] stock prices are up 1.02% to $38.72 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WTRG shares have gain 1.71% over the last week, with a monthly amount drifted -1.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Edward Jones upgraded its rating to Buy on November 03, 2023. On September 28, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $42 on the stock. Northcoast downgraded its rating to a Neutral. UBS upgraded its rating to a Buy and raised its price target to $55 on February 06, 2023. BofA Securities downgraded its rating to Neutral for this stock on September 09, 2022, but kept the price target unchanged to $52. In a note dated August 18, 2022, HSBC Securities upgraded an Buy rating on this stock and boosted its target price from $53 to $57.
The stock price of Essential Utilities Inc [WTRG] has been fluctuating between $32.07 and $41.78 over the past year. Currently, Wall Street analysts expect the stock to reach $48.75 within the next 12 months. Essential Utilities Inc [NYSE: WTRG] shares were valued at $38.72 at the most recent close of the market. An investor can expect a potential return of 25.9% based on the average WTRG price forecast.
Analyzing the WTRG fundamentals
The Essential Utilities Inc [NYSE:WTRG] reported sales of 1.94B for trailing twelve months, representing a drop of -0.53%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.29%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.16.
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 38.25 points at the first support level, and at 37.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.04, and for the 2nd resistance point, it is at 39.37.
Ratios To Look Out For
It’s worth pointing out that Essential Utilities Inc [NYSE:WTRG]’s Current Ratio is 0.58. Further, the Quick Ratio stands at 0.44, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 5.47, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 18.97.
Transactions by insiders
Recent insider trading involved RUBIN ROBERT A, Chief Accounting Officer, that happened on Jul 01 ’24 when 2342.0 shares were sold. Chief Accounting Officer, RUBIN ROBERT A completed a deal on May 01 ’24 to sell 2023.0 shares. Meanwhile, Chief Accounting Officer RUBIN ROBERT A sold 5565.0 shares on Apr 01 ’24.
