$65.12
4.07% today
Nasdaq, Nov 26, 04:48 pm CET
ISIN
US5966801087
Symbol
MSEX

Middlesex Water Company Target price 2024 - Analyst rating & recommendation

Middlesex Water Company Classifications & Recommendation:

Buy
50%
Hold
50%

Middlesex Water Company Price Target

Target Price $66.00
Price $67.88
Deviation
Number of Estimates 2
2 Analysts have issued a price target Middlesex Water Company 2025 . The average Middlesex Water Company target price is $66.00. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 2 analysts: 1 Analysts recommend Middlesex Water Company to buy, 1 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Middlesex Water Company stock has an average upside potential 2025 of . Most analysts recommend the Middlesex Water Company stock at Buy or hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 166.27 187.90
2.36% 13.01%
Net Margin 18.91% 22.34%
28.06% 18.17%

2 Analysts have issued a sales forecast Middlesex Water Company 2024 . The average Middlesex Water Company sales estimate is

$188m
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. This is
2.47% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$190m 3.51%
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, the lowest is
$186m 1.43%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $166m 2.36%
2024
$188m 13.01%
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2025
$200m 6.33%
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2026
$212m 6.26%
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1 Analyst has issued a net profit forecast Middlesex Water Company 2024 . The average Middlesex Water Company net profit estimate is

$42.0m
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. This is
2.17% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$42.0m 2.17%
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, the lowest is
$42.0m 2.17%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $31.4m 26.36%
2024
$42.0m 33.52%
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2025
$42.3m 0.86%
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2026
$45.2m 6.76%
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Net Margin

2023 18.91% 28.06%
2024
22.34% 18.17%
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2025
21.19% 5.15%
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2026
21.28% 0.42%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.76 2.35
26.36% 33.52%
P/E 28.89
EV/Sales 8.45

1 Analysts have issued a Middlesex Water Company forecast for earnings per share. The average Middlesex Water Company <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$2.35
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. This is
2.17% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.35 2.17%
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, the lowest is
$2.35 2.17%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.76 26.36%
2024
$2.35 33.52%
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2025
$2.37 0.85%
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2026
$2.53 6.75%
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P/E ratio

Current 29.54 16.79%
2024
28.89 2.20%
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2025
28.64 0.87%
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2026
26.83 6.32%
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Based on analysts' sales estimates for 2024, the Middlesex Water Company stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 8.66 8.36%
2024
8.45 2.39%
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2025
7.95 5.96%
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2026
7.48 5.89%
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P/S ratio

Current 6.61 5.66%
2024
6.45 2.41%
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2025
6.07 5.96%
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2026
5.71 5.89%
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