At the time of writing, Essential Utilities Inc [WTRG] stock is trading at $40.29, down -0.49%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WTRG shares have lost -0.47% over the last week, with a monthly amount glided 6.08%, 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.
For the past year, the stock price of Essential Utilities Inc fluctuated 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 $40.29 at the most recent close of the market. An investor can expect a potential return of 21.0% based on the average WTRG price forecast.
Analyzing the WTRG fundamentals
According to Essential Utilities Inc [NYSE:WTRG], the company’s sales were 1.94B for trailing twelve months, which represents an -0.53% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.
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 39.98 points at the first support level, and at 39.67 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 41.15.
Ratios To Look Out For
It is important to note that Essential Utilities Inc [NYSE:WTRG] has a current ratio of 0.58. In addition, the Quick Ratio stands at 0.44 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 19.74.
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.
