Chesapeake Utilities (NYSE:CPK) Price Target & New Coverage by Sidoti
The research firm Sidoti has has initiated coverage on Chesapeake Utilities (NYSE:CPK)’s stock, rating it “Neutral” while setting the target price at $85.0.
Out of 3 analysts covering Chesapeake Utilities, 0 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $60 and the lowest is $59 according to Thomson/First Call. The 12-month mean target is $59.67, which means downside potential of 27.14% over the current price.
Clear Harbor Asset Management Llc had the largest stake with ownership of 80,642 shares as of q2 2015 for 1.07% of the portfolio. Fruth Investment Management is another very bullish investment manager who is possessing 27,361 shares of Chesapeake Utilities or 0.83% of their portfolio. Moreover, Albert D Mason Inc have 0.79% of their portfolio invested in the company for 40,206 shares. The Connecticut-based fund Energy Income Partners Llc disclosed it had purchased so far a stake worth about 0.69% of the investment manager’s stock portfolio in Chesapeake Utilities. The California-based fund Phocas Financial Corp. is also positive about the stock, possessing 558,458 shares or 0.69% of their portfolio.
Chesapeake Utilities (NYSE:CPK) Profile
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
Chesapeake Utilities (NYSE:CPK) traded up 1.05% on 18 October, hitting $81.9. A total of 48,972 shares of the company’s stock traded hands. This is down from average of 57,133 shares. Chesapeake Utilities has a 52 week low of $58.00 and a 52 week high of $82.07. The company has a market cap of $1.34 billion and a P/E ratio of 32.11.
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