MSEX

Middlesex Water Co

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Advanced Chart

58.420

+1.320(+2.310%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

58.655

Open

57.060

VWAP

58.22

Vol

100.41K

Mkt Cap

1.05B

Low

56.430

Amount

5.85M

EV/EBITDA(TTM)

16.95

Total Shares

17.83M

1.44B

EV/OCF(TTM)

21.85

P/S(TTM)

5.36

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems primarily in New Jersey and Delaware. It also operates water and wastewater systems under contract on behalf of municipal and private clients primarily in New Jersey and Delaware. The Company operates through two segments: Regulated and Non-Regulated. The Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey and Delaware. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The Company's subsidiaries include Tidewater Utilities, Inc. (Tidewater), Pinelands Water Company, Utility Service Affiliates, Inc. and Utility Service Affiliates (Perth Amboy) Inc.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

52.60M

+7.03%

0.670

+13.56%

57.35M

+4.08%

0.867

+8.33%

51.25M

+8.79%

0.430

-12.24%

Estimates Revision

The market is revising Downward the revenue expectations for Middlesex Water Company (MSEX) for FY2025, with the revenue forecasts being adjusted by -2.27% over the past three months. During the same period, the stock price has changed by 13.39%.

Revenue Estimates for FY2025

Revise Downward

-2.27%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-1.31%

In Past 3 Month

Stock Price

Go Up

+13.39%

In Past 3 Month

2 Analyst Rating

18.97% Upside

Wall Street analysts forecast MSEX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSEX is 69.50 USD with a low forecast of 66.00 USD and a high forecast of 73.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

1 Hold

0 Sell

Moderate Buy

18.97% Upside

Current: 58.420

Low

66.00

Averages

69.50

High

73.00

18.97% Upside

Current: 58.420

Low

66.00

Averages

69.50

High

73.00

Janney Montgomery Scott

Michael Gaugler

Strong Buy

Hold

Downgrades

n/a

2025-04-04

Reason

Janney Montgomery Scott

Michael Gaugler

Price Target

n/a

2025-04-04

Downgrades

Strong Buy

Hold

Reason

Janney Montgomery Scott downgraded Middlesex Water to Neutral from Buy with a $66 fair value estimate.

Baird

Davis Sunderland

Hold

Buy

Upgrades

$61

2025-03-03

Reason

Baird

Davis Sunderland

Price Target

$61

2025-03-03

Upgrades

Hold

Buy

Reason

Baird analyst Davis Sunderland upgraded Middlesex Water to Outperform from Neutral with an unchanged price target of $61. The company reported a strong Q4 which beat estimates for all key metrics including regulated capex spending, the analyst tells investors in a research note. The firm says Middlesex's long-term growth estimates for capital investment, which were previously omitted, were ahead of estimates. Baird expects investor sentiment to improve broadly and views current levels as an attractive entry point for the shares.

B of A Securities

Ross Fowler

Sell

Initiates

$56

2024-12-11

Reason

B of A Securities

Ross Fowler

Price Target

$56

2024-12-11

Initiates

Sell

Reason

BofA initiated coverage of Middlesex Water with an Underperform rating and $56 price target. Middlesex is "the most expensive utility in our coverage," trading at a 47% premium to the utility group and 13% premium to the water group, notes the analyst, who does not think the current valuation is justified given the firm's expectations that the company's rate base and EPS growth will moderate below the peer average.

Baird

Ben Kallo

Hold

Maintains

$58 → $61

2024-11-01

Reason

Baird

Ben Kallo

Price Target

$58 → $61

2024-11-01

Maintains

Hold

Reason

Baird raised the firm's price target on Middlesex Water to $61 from $58 and keeps a Neutral rating on the shares. The firm said its earnings and capital spending beat estimates. The Tidewater subsidiary filed for a rate increase during the quarter and management expects they will file a request in 2025.

Baird

Ben Kallo

Buy

Hold

Downgrades

$58

2024-08-05

Reason

Baird

Ben Kallo

Price Target

$58

2024-08-05

Downgrades

Buy

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Middlesex Water Co (MSEX.O) is 23.59, compared to its 5-year average forward P/E of 32.46. For a more detailed relative valuation and DCF analysis to assess Middlesex Water Co 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

32.46

Current PE

23.59

Overvalued PE

38.85

Undervalued PE

26.06

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

1.53

Current EV/EBITDA

17.62

Overvalued EV/EBITDA

6.41

Undervalued EV/EBITDA

-3.34

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

8.05

Current PS

4.94

Overvalued PS

10.27

Undervalued PS

5.83