Middlesex Water Co has a consensus price target of $61 based on the ratings of 2 analysts. The high is $61 issued by Baird on November 1, 2024. The low is $61 issued by Baird on November 1, 2024. The 3 most-recent analyst ratings were released by Baird on November 1, 2024, August 5, 2024, and May 9, 2024, respectively. With an average price target of $59 between Baird, there's an implied -10.40% downside for Middlesex Water Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Middlesex Water (NASDAQ:MSEX) was reported by Baird on November 1, 2024. The analyst firm set a price target for $61.00 expecting MSEX to fall to within 12 months (a possible -7.37% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Middlesex Water (NASDAQ:MSEX) was provided by Baird, and Middlesex Water maintained their neutral rating.
The last upgrade for Middlesex Water Co happened on June 24, 2022 when Janney Montgomery Scott raised their price target to N/A. Janney Montgomery Scott previously had a neutral for Middlesex Water Co.
The last downgrade for Middlesex Water Co happened on August 5, 2024 when Baird changed their price target from $58 to $58 for Middlesex Water Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Middlesex Water, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Middlesex Water was filed on November 1, 2024 so you should expect the next rating to be made available sometime around November 1, 2025.
While ratings are subjective and will change, the latest Middlesex Water (MSEX) rating was a maintained with a price target of $58.00 to $61.00. The current price Middlesex Water (MSEX) is trading at is $65.85, which is out of the analyst’s predicted range.
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