Essential Utilities Inc. (NYSE: WTRG) is -10.04% lower on its value in year-to-date trading and has touched a low of $38.50 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 $47.75 in the last trading session, with the day’s gains setting it 0.55% off its average median price target of $54.00 for the next 12 months. It is also 31.97% off the consensus price target high of $71.00 offered by 11 analysts, but current levels are -9.77% lower than the price target low of $44.00 for the same period.
Currently trading at $48.30, the stock is 6.70% and 10.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 1.15% at the moment leaves the stock 3.40% off its SMA200. WTRG registered 0.00% loss for a year compared to 6-month loss of 4.95%.
The stock witnessed a 14.00% gain in the last 1 month and extending the period to 3 months gives it a -5.72%, and is 2.33% up 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 1.90% over the week and 2.13% over the month.
Essential Utilities Inc. (WTRG) has around 3211 employees, a market worth around $12.38B and $2.12B in sales. Current P/E ratio is 27.85 and Fwd P/E is 25.47. Profit margin for the company is 22.00%. Distance from 52-week low is 25.45% and -10.44% 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”. 11 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 53.70% this year
Essential Utilities Inc. (WTRG) Top Institutional Holders
The shares outstanding are 262.21M, and float is at 261.88M with Short Float at 1.62%.
Essential Utilities Inc. (WTRG) Insider Activity
A total of 12 insider transactions have happened at Essential Utilities Inc. (WTRG) in the last six months, with sales accounting for 0 and purchases happening 12 times. The most recent transaction is an insider sale by RUBIN ROBERT A, the company’s Chief 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 -12.61% down over the past 12 months and American States Water Company (AWR) that is 3.18% higher over the same period. California Water Service Group (CWT) is -1.81% down on the 1-year trading charts.