Chesapeake Utilities Corp. Rating Increased to Buy at Brean Capital (CPK)
Chesapeake Utilities Corp. (NYSE:CPK) was upgraded by equities researchers at Brean Capital from a “hold” rating to a “buy” rating in a research report issued on Friday, ARN reports. The firm currently has a $58.00 price target on the stock. Brean Capital’s price target suggests a potential upside of 13.61% from the company’s current price.
A number of other analysts have also recently weighed in on CPK. Analysts at Hilliard Lyons downgraded shares of Chesapeake Utilities Corp. (NYSE:CPK) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 12th. Analysts at Zacks downgraded shares of Chesapeake Utilities Corp. (NYSE:CPK) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 1st. They now have a $57.50 price target on the stock.
Chesapeake Utilities Corp. (NYSE:CPK) opened at 51.05 on Friday. Chesapeake Utilities Corp. has a 52-week low of $41.17 and a 52-week high of $60.08. The stock has a 50-day moving average of $55.11 and a 200-day moving average of $52.7. The company has a market cap of $491.4 million and a price-to-earnings ratio of 15.27.
Chesapeake Utilities Corp. (NYSE:CPK) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.12. The company had revenue of $94.15 million for the quarter, compared to the consensus estimate of $86.82 million. On average, analysts predict that Chesapeake Utilities Corp. will post $3.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 7th. Investors of record on Friday, September 13th will be paid a dividend of $0.39 per share. This represents a $1.54 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Wednesday, September 11th.
Chesapeake Utilities Corporation (NYSE:CPK) is a utility company engaged in energy and other businesses.
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