In a report issued on August 1, Ben Kallo from Robert W. Baird reiterated a Buy rating on Middlesex Water Company (MSEX – Research Report), with a price target of $97.00. The company’s shares closed last Tuesday at $90.68.
According to TipRanks.com, Kallo is a 5-star analyst with an average return of 8.9% and a 56.0% success rate. Kallo covers the Basic Materials sector, focusing on stocks such as 5E Advanced Materials, Inc., Archer Daniels Midland, and Darling Ingredients.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Middlesex Water Company with a $97.50 average price target, implying a 9.9% upside from current levels. In a report issued on August 1, Janney Montgomery also maintained a Buy rating on the stock with a $98.00 price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $121.43 and a one-year low of $75.77. Currently, Middlesex Water Company has an average volume of 102.2K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSEX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on MSEX:
