Analyst RecommendationsAnalyst's recommendation on MSEX shares has been upgraded to BUY from Neutral based on valuation.
Growth StrategyThere is a bullish outlook on the company's growth strategy, driven by a strong capital expenditure profile for the next 3 years.
ValuationMiddlesex Water is trading near its lowest NTM P/E level in the last decade, representing a ~30% discount to its five-year average, making its valuation particularly attractive.