In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on Chesapeake Utilities Corp (CPK), with a price target of $100. The company’s shares opened today at $88.93, close to its 52-week high of $93.40.
Sullivan said:
“We reduce our 2019 EPS to $3.81, from $3.87 after CPK reported 4Q18 operating EPS of $1.10, below our $1.26 forecast, the $1.20 consensus, and guidance of at least $1.17.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 9.2% and a 79.4% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.
Currently, the analyst consensus on Chesapeake Utilities Corp is a Moderate Buy with an average price target of $93.
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Chesapeake Utilities Corp’s market cap is currently $1.49B and has a P/E ratio of 22.92. The company has a Price to Book ratio of 2.92.
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Chesapeake Utilities Corp. engages in the business of energy and utility services. It operates through the following segments: Regulated Energy; Unregulated Energy; and Other Businesses and Eliminations. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity.
