WTRG Price Prediction Next Week
Analysis and Insights
To predict the stock price of Essential Utilities (WTRG) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The current price of WTRG is $39.34. Based on Fibonacci levels, the stock is approaching the first resistance level of $39.69, with additional resistance at $40.67 and $42.25. Support levels are at $36.53, $35.55, and $33.97.
The Relative Strength Index (RSI) for WTRG is currently at 80.21 (RSI_6), indicating overbought conditions. This suggests a potential pullback in the short term. However, the MACD is bullish, with a positive signal line crossover, indicating upward momentum.
News Sentiment and Analyst Ratings:
Recent news indicates that Evercore ISI and Bank of America have maintained a Buy rating on WTRG, with a price target of $46.00, while Wells Fargo has a Hold rating. The company has a strong dividend history and is part of the "Dividend Channel S.A.F.E. 25" list, with an annualized dividend of $1.302 per share.
Price Prediction:
Given the technical indicators and positive analyst sentiment, we predict that WTRG will reach $40.67 in the next trading week. The stock is expected to test the first resistance level of $39.69 before moving higher.
Recommendation:
Buy WTRG at the current price of $39.34, with a target price of $40.67. The stock's strong fundamentals and positive analyst sentiment support further upside.
WTRG Similar Chart Price Prediction
The price of WTRG is predicted to go up -4%, based on the high correlation periods with UL. The similarity of these two price pattern on the periods is 97.23%.
WTRG
UL
Down: -4%Similarity: 97.23%
WTRG Revenue Forecast
WTRG EPS Forecast
WTRG FAQs
What is WTRG revenue forecast for next quarter？
What is WTRG eps forecast for next quarter？
WTRG VS S&P500
Constructive regulation allows Essential to raise rates through surcharges or rate cases to reduce regulatory lag and enhance cash flow available to pay the dividend and invest in growth projects.
Fair market valuation state laws allow Essential to make municipal water utility acquisitions immediately value-accretive for shareholders.
Essential has raised its dividend 32 times in the last 31 years, including 30 consecutive increases of more than 5%.
WTRG Analyst's Forecast
Gregg Orrill
UBS
Strong Buy
2025-01-14
Price Target
$45 → $42
Upside
+23.13%
UBS analyst Gregg Orrill lowered the firm's price target on Essential Utilities to $42 from $45 and keeps a Buy rating on the shares. The company remains a low-risk, mid-cap water utility with utility average 6.5% EPS growth and a catalyst which is approval of the Aqua Pennsylvania rate case settlement in February, though the firm's price target cut reflects the reduction in average comparable multiples, the analyst tells investors in a research note.
Jonathan Reeder
Wells Fargo
Buy → Hold
2025-01-07
Price Target
$43 → $39
Upside
+10.58%
Julien Dumoulin-Smith
Jefferies
Strong Buy → Hold
2024-11-07
Price Target
$44 → $41
Upside
+4.86%
