Barclays has revised its price target for Chesapeake Utilities (CPK, Financial), increasing it from $120 to $125. The investment bank maintains an Equal Weight rating for the company’s stock. This adjustment comes as Barclays updates its models for the utilities and power sector, especially as companies head into the first quarter earnings season. The revisions also reflect evolving perspectives on the U.S. utilities tariff outlook.
Analysts at Barclays suggest that the utilities sector is positioned for ongoing re-rating, driven by its defensive nature. This strategic update indicates a broader optimism about how utilities are likely to perform in the current macroeconomic environment, emphasizing the industry's potential for stability and resilience.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Chesapeake Utilities Corp (CPK, Financial) is $134.07 with a high estimate of $148.00 and a low estimate of $120.00. The average target implies an upside of 0.29% from the current price of $133.69. More detailed estimate data can be found on the Chesapeake Utilities Corp (CPK) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Chesapeake Utilities Corp's (CPK, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Chesapeake Utilities Corp (CPK, Financial) in one year is $126.69, suggesting a downside of 5.24% from the current price of $133.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Chesapeake Utilities Corp (CPK) Summary page.
