Last Updated: 08 Nov 2024
Executive Summary
UNITIL Corporation (UTL) is a utility holding company engaged in the distribution of electricity and natural gas. The company has a market capitalization of $940.43 million and trades on the NYSE. UNITIL's latest stock price is $58.09, which is within its 52-week range of $44.58 to $63.52. Analysts have a strong buy rating on the stock, with a target price of $58.
Company Overview
UNITIL Corporation is headquartered in Hampton, New Hampshire and has operations in New Hampshire, Massachusetts, and Maine. The company provides electricity to approximately 104,000 customers and natural gas to approximately 83,000 customers. UNITIL also owns and operates a number of renewable energy projects, including solar and wind farms.
Fundamental Analysis
UNITIL Corporation has a strong financial profile. The company's revenue has grown at a compound annual growth rate (CAGR) of 2.5% over the past five years. UNITIL's net income has also grown at a CAGR of 3.1% over the same period. The company's EBITDA margin is 33.3%, which is above the industry average. UNITIL's debt-to-equity ratio is 0.54, which is also below the industry average.
Technical Analysis
UNITIL Corporation's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 62, which indicates that the stock is overbought.
Short Term Outlook
UNITIL Corporation's stock price is expected to continue to trend higher in the short term. The stock's technical indicators are positive, and the company's financial performance is strong. UNITIL is expected to report its next quarterly earnings on November 14, 2024.
Long Term Outlook
UNITIL Corporation's long-term outlook is positive. The company's utility business is stable and provides a steady stream of revenue. UNITIL is also investing in renewable energy projects, which is expected to drive growth in the future.
Analyst Recommendations
Analysts have a strong buy rating on UNITIL Corporation's stock. The stock's target price is $58, which represents a potential upside of 3.4% from the current price.
