A share price of Essential Utilities Inc [WTRG] is currently trading at $40.37, up 1.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WTRG shares have gain 5.40% over the last week, with a monthly amount glided 2.28%, and 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 October 07, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $44. On November 03, 2023, upgrade upgraded it’s rating to Buy. Northcoast upgraded its rating to a Buy but stick to its price target of $42 on September 28, 2023. Northcoast downgraded its rating to a Neutral. UBS upgraded its rating to Buy for this stock on February 06, 2023, and upped its price target to $55. In a note dated September 09, 2022, BofA Securities downgraded an Neutral rating on this stock but restated the target price of $52.
Essential Utilities Inc experienced fluctuations in its stock price throughout the past year between $32.42 and $41.78. 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 $40.37 at the most recent close of the market. An investor can expect a potential return of 20.76% based on the average WTRG price forecast.
Analyzing the WTRG fundamentals
Trailing Twelve Months sales for Essential Utilities Inc [NYSE:WTRG] were 1.94B which represents -0.53% decline. 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 40.01 points at the first support level, and at 39.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.72, and for the 2nd resistance point, it is at 41.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Essential Utilities Inc [NYSE:WTRG] is 0.58. Also, the Quick Ratio is 0.44, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 5.70, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 19.78.
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.
