Essential Utilities, Inc. (NYSE:WTRG) Receives $43.00 Average Target Price from Brokerages

Essential Utilities, Inc. (NYSE: WTRG) is a publicly-traded water and wastewater utility company based in Pennsylvania, United States. The company provides essential water and wastewater services to approximately 2.2 million people in Pennsylvania, New Jersey, and Virginia through its subsidiaries.

As of the current market scenario, the stock of Essential Utilities has received a consensus rating of "Buy" from the four brokerage firms that are covering the company, according to MarketBeat Ratings. The consensus rating is based on the analysis and recommendations of these brokerage firms regarding the potential performance of the stock in the future.

The average price target for Essential Utilities' stock among these brokerages is $43.00. This means that the analysts believe that the stock has the potential to reach an average price of $43.00 within the next 12 months. It is important to note that price targets are not guarantees and are subject to change based on various market conditions and company performance.

The four brokerage firms that have issued ratings and price targets for Essential Utilities are as follows:

1. Tudor Pickering Holt & Co.: The firm has a "Buy" rating and a price target of $45.00 for the stock.

2. Oppenheimer & Co.: The firm has a "Perform" rating and a price target of $42.50 for the stock.

3. Piper Sandler & Co.: The firm has a "Buy" rating and a price target of $45.00 for the stock.

4. KeyBanc Capital Markets: The firm has a "Sector Weight" rating and a price target of $42.50 for the stock.

It is important to note that the ratings and price targets are not a guarantee of future performance and are subject to change based on various market conditions and company performance. Investors should conduct their own research and consider multiple sources before making investment decisions.

In summary, the consensus rating for Essential Utilities' stock among the four brokerage firms covering the company is "Buy," with an average price target of $43.00 within the next 12 months. The company provides essential water and wastewater services to approximately 2.2 million people in Pennsylvania, New Jersey, and Virginia.