RBC Capital analyst Shelby Tucker maintained a Buy rating on Essential Utilities (NYSE:WTRG) on Friday, setting a price target of $53, which is approximately 7.57% above the present share price of $49.27.
Tucker expects Essential Utilities to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Essential Utilities, with an average price target of $52.25.
The analysts price targets range from a high of $54 to a low of $50.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $397.03 million and a net profit of $129.33 million. The company's market cap is $12.11 billion.
According to TipRanks.com, RBC Capital analyst Shelby Tucker is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.4% and a 78.39% success rate.
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.