Robert W. Baird analyst Ben Kallo maintained a Buy rating on Middlesex Water Company (NASDAQ:MSEX) on Friday, setting a price target of $75, which is approximately 8.66% above the present share price of $69.02.
Kallo expects Middlesex Water Company to post earnings per share (EPS) of $0.73 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Middlesex Water Company, with an average price target of $76.
The analysts price targets range from a high of $77 to a low of $75.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $39.92 million and a net profit of $13.18 million. The company's market cap is $1.21 billion.
According to TipRanks.com, Robert W. Baird analyst Ben Kallo is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.5% and a 60.68% success rate.
Middlesex Water Co. owns and operates regulated water utility and wastewater systems. The firm's services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers. The company was founded in 1897 and is headquartered in Iselin, NJ.