Middlesex Water Company Downgraded by Zacks to “Underperform” (MSEX)
Middlesex Water Company (NASDAQ: MSEX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Monday. They currently have a $18.80 price target on the stock.
Shares of Middlesex Water Company (NASDAQ: MSEX) traded down 0.95% during mid-day trading on Monday, hitting $19.562. Middlesex Water Company has a one year low of $17.48 and a one year high of $20.06. The stock’s 50-day moving average is currently $19.48. The company has a market cap of $309.4 million and a P/E ratio of 22.02.
Middlesex Water Company (NASDAQ: MSEX) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. The company had revenue of $27.08 million for the quarter, compared to the consensus estimate of $25.32 million. Analysts expect that Middlesex Water Company will post $0.97 EPS for the current fiscal year.
Middlesex Water Company (Middlesex) owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania.
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