Several analysts have recently updated their ratings and price targets for Middlesex Water (NASDAQ: MSEX):

  • 10/4/2017 – Middlesex Water was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “
  • 10/4/2017 – Middlesex Water had its “buy” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $44.00 price target on the stock.
  • 9/27/2017 – Middlesex Water was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “
  • 9/21/2017 – Middlesex Water was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “
  • 9/14/2017 – Middlesex Water was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “
  • 9/8/2017 – Middlesex Water was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “
  • 9/1/2017 – Middlesex Water was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. “

Shares of Middlesex Water Company (NASDAQ:MSEX) traded up 0.21% during trading on Thursday, reaching $43.31. The company’s stock had a trading volume of 767 shares. Middlesex Water Company has a 52 week low of $32.23 and a 52 week high of $44.48. The stock’s 50 day moving average price is $39.50 and its 200 day moving average price is $38.25. The company has a market cap of $707.56 million, a PE ratio of 32.69 and a beta of 0.41.

Middlesex Water (NASDAQ:MSEX) last posted its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $33.01 million for the quarter, compared to analyst estimates of $34.00 million. Middlesex Water had a return on equity of 9.95% and a net margin of 16.46%. Equities research analysts predict that Middlesex Water Company will post $1.48 EPS for the current year.

In related news, President Gerard L. Esposito sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $42.89, for a total transaction of $72,913.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.48% of the stock is currently owned by insiders.

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.

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