- Chesapeake Utilities partners with American Electric Power for a $10 million natural gas pipeline project in Ohio.
- Analysts are optimistic, predicting a 12.27% upside potential for Chesapeake Utilities' stock.
- Chesapeake Utilities is rated as "Outperform" with a promising GF Value estimate.
Chesapeake Utilities Corp (CPK, Financial) has taken a significant step forward by partnering with American Electric Power to embark on an ambitious $10 million natural gas pipeline project in Ohio. This strategic initiative is expected to fuel a newly planned data center by 2027, addressing the region's growing energy demands.
Wall Street Analysts Forecast
According to projections from six seasoned analysts, Chesapeake Utilities Corp (CPK, Financial) offers an enticing opportunity for investors. The average target price is set at $136.67, ranging from a high of $148.00 to a low of $124.00. This average target presents an exciting prospect of a 12.27% increase from the current stock price of $121.73. For more detailed insights into stock performance expectations, visit the Chesapeake Utilities Corp (CPK) Forecast page.
Brokerage firms, totaling six, have bestowed an average recommendation score of 1.8 on Chesapeake Utilities Corp (CPK, Financial), categorizing it as "Outperform." This rating falls on a scale from 1 to 5, with 1 indicating a Strong Buy and 5 a Sell, showcasing the positive sentiment surrounding the stock.
In terms of valuation, GuruFocus estimates Chesapeake Utilities Corp (CPK, Financial) to have a GF Value of $130.50 within a year. This suggests an upside potential of 7.21% compared to the current price of $121.725. The GF Value is a crucial indicator of a stock’s fair market value, derived from historical trading multiples, past business growth, and projected future performance. More comprehensive data and analyses are accessible on the Chesapeake Utilities Corp (CPK) Summary page.
