Blurbs

RBC Capital Keeps a Buy Rating on Essential Utilities (WTRG)

In a report issued on July 19, Shelby Tucker from RBC Capital maintained a Buy rating on Essential Utilities (WTRGResearch Report), with a price target of $54.00. The company’s shares closed last Wednesday at $47.35.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.7% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Essential Utilities is a Strong Buy with an average price target of $51.50, representing an 8.3% upside. In a report issued on July 18, Barclays also maintained a Buy rating on the stock with a $51.00 price target.

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Essential Utilities’ market cap is currently $12.43B and has a P/E ratio of 27.65.

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Essential Utilities, Inc. is a holding company, which engages in the provision of water and wastewater services. It supports a range of customers across Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia. It also provides services through operating and maintenance contracts with municipal authorities and other parties including water and sewer line repair service and protection solutions to households. The company was founded in 1968 and is headquartered in Bryn Mawr, PA.

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