Summary:
- Essential Utilities (WTRG, Financial) secures $15.05 million in state funding for water quality improvements.
- Analysts predict a potential 11.63% upside for WTRG with a target price of $45.50.
- The stock maintains an "Outperform" status backed by strong brokerage recommendations.
Essential Utilities (WTRG) has recently obtained a significant investment of $15.05 million in grants and low-interest loans from the Pennsylvania Infrastructure Investment Authority. This crucial funding will empower Aqua Pennsylvania to effectively remove PFAS from drinking water and support a $2.3 million initiative to replace lead service lines, marking a strong commitment to enhancing water quality.
Wall Street Analysts' Projections
Wall Street analysts have set their one-year price targets for Essential Utilities Inc (WTRG, Financial), reporting an average target of $45.50. This projection includes a high estimate of $56.00 and a low estimate of $41.00. With the current stock price at $40.76, these targets suggest an impressive potential upside of 11.63%. For more detailed information, visit the Essential Utilities Inc (WTRG) Forecast page.
The consensus among 10 brokerage firms positions Essential Utilities Inc (WTRG, Financial) with an average brokerage recommendation of 1.6, classifying it as "Outperform." Employing a rating system from 1 to 5, where 1 indicates a "Strong Buy" and 5 suggests a "Sell," this recommendation reflects confidence in the stock's future performance.
According to GuruFocus estimates, the GF Value for Essential Utilities Inc (WTRG, Financial) in the coming year is projected at $45.35, indicating a potential upside of 11.26% from the current trading price. This GF Value represents GuruFocus' calculated fair stock value, derived from historical trading multiples, past business growth, and projected future performance. For comprehensive details, explore the Essential Utilities Inc (WTRG) Summary page.
