Essential Utilities Inc. (NYSE: WTRG) is -14.51% lower on its value in year-to-date trading and has touched a low of $40.97 and a high of $53.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WTRG stock was last observed hovering at around $45.83 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $54.00 for the next 12 months. It is also 34.43% off the consensus price target high of $70.00 offered by 12 analysts, but current levels are 10.0% higher than the price target low of $51.00 for the same period.
Currently trading at $45.90, the stock is -5.89% and -7.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 0.15% at the moment leaves the stock -4.93% off its SMA200. WTRG registered -3.06% loss for a year compared to 6-month gain of -5.87%.
The stock witnessed a -11.30% loss in the last 1 month and extending the period to 3 months gives it a 9.13%, and is -2.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.02% over the week and 1.88% over the month.
Essential Utilities Inc. (WTRG) has around 3211 employees, a market worth around $12.06B and $2.05B in sales. Current P/E ratio is 27.53 and Fwd P/E is 24.03. Profit margin for the company is 21.90%. Distance from 52-week low is 12.03% and -14.89% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
Essential Utilities Inc. (WTRG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Essential Utilities Inc. (WTRG) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 2 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Essential Utilities Inc. is expected to release its quarterly report on 11/07/2022.The EPS is expected to grow by 53.70% this year.
Essential Utilities Inc. (WTRG) Top Institutional Holders
The shares outstanding are 262.10M, and float is at 261.76M with Short Float at 0.84%.
Essential Utilities Inc. (WTRG) Insider Activity
A total of 13 insider transactions have happened at Essential Utilities Inc. (WTRG) in the last six months, with sales accounting for 0 and purchases happening 13 times. The most recent transaction is an insider sale by RUBIN ROBERT A,the company’sChief Accounting Officer. SEC filings show that RUBIN ROBERT A sold 1,954 shares of the company’s common stock on Dec 08 at a price of $51.00 per share for a total of $99654.0. Following the sale, the insider now owns 69871.0 shares.
Essential Utilities Inc. (WTRG): Who are the competitors?
The company’s main competitors (and peers) include American Water Works Company Inc. (AWK) that is trading -18.86% down over the past 12 months and American States Water Company (AWR) that is -3.15% lower over the same period. California Water Service Group (CWT) is -2.38% down on the 1-year trading charts.