Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate https://1investing.in/ and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. 5 employees have rated Middlesex Water Chief Executive Officer Dennis W. Doll on Glassdoor.com. Dennis W. Doll has an approval rating of 82% among the company’s employees. Sign-up to receive the latest news and ratings for Middlesex Water and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Compare
MSEX’s historical performance
against its industry peers and the overall market.
Price Target and Rating
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies. The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023. Moreover, the water industry, facing several headwinds, is anticipated to be affected in the upcoming months. The technique has proven to be very useful for finding positive surprises.
Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.
Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. According to one analyst, the rating for MSEX stock is “Buy” and the 12-month stock price forecast is $85.0. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Middlesex Water Company’s (MSEX) fourth-quarter earnings and revenues miss estimates. Essential Utilities’ (WTRG) fourth-quarter earnings are lower than expected. WTRG continues to make acquisitions and investments to strengthen its water and natural gas operations.
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers.
Shares of this amusement park operator with a 6.4% dividend yield, REIT yielding 3.5%, and modestly yielding water utility bucked the downtrend and reached new annual highs. Get a list of current — and potential future — Dividend Kings and learn how to leverage these strong companies to build wealth. We’d like to share more about how we work and what drives our day-to-day business.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. MSEX’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns.
- The scores are based on the trading styles of Value, Growth, and Momentum.
- They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
- Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
- See which sector and what five companies income-seeking investors need to be monitoring.
One share of MSEX stock can currently be purchased for approximately $73.73. Middlesex Water’s stock was trading at $78.67 at the beginning of 2023. Since then, MSEX stock has decreased by 6.3% and is now trading at $73.73. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. When it comes to consistent dividend growth this sector is practically unmatched. See which sector and what five companies income-seeking investors need to be monitoring.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being appraisal ratio directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
This suggests a possible upside of 15.3% from the stock’s current price. View analysts price targets for MSEX or view top-rated stocks among Wall Street analysts. 1 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Middlesex Water in the last twelve months.
The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company’s revenue is derived from the Regulated segment and from residential customers. Middlesex Water Company owns and operates regulated water utility and wastewater systems. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. ISELIN, N.J., April 17, 2023 (GLOBE NEWSWIRE) — Middlesex Water Company (Middlesex) has announced that beginning in May 2023, it will begin an $11.1 million initiative to upgrade drinking water infra…
The consensus among Wall Street analysts is that investors should “buy” MSEX shares. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 1 Wall Street research analysts have issued twelve-month price objectives for Middlesex Water’s stock. Their MSEX share price forecasts range from $85.00 to $85.00. On average, they expect the company’s stock price to reach $85.00 in the next twelve months.