During the last three months, 7 analysts shared their evaluations of Public Service Enterprise PEG, revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $63.71, a high estimate of $70.00, and a low estimate of $61.00. This upward trend is apparent, with the current average reflecting a 1.4% increase from the previous average price target of $62.83.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Public Service Enterprise by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Shahriar Pourreza | Guggenheim | Announces | Neutral | $61.00 | - |
| Eric Beaumont | Barclays | Raises | Overweight | $65.00 | $64.00 |
| Jeremy Tonet | JP Morgan | Raises | Overweight | $70.00 | $68.00 |
| David Arcaro | Morgan Stanley | Raises | Overweight | $62.00 | $61.00 |
| Eric Beaumont | Barclays | Raises | Overweight | $64.00 | $62.00 |
| James Thalacker | BMO Capital | Raises | Market Perform | $63.00 | $59.00 |
| David Arcaro | Morgan Stanley | Lowers | Overweight | $61.00 | $63.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Public Service Enterprise. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Public Service Enterprise compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Public Service Enterprise's stock. This examination reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Public Service Enterprise's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Public Service Enterprise analyst ratings.
Get to Know Public Service Enterprise Better
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.
Financial Insights: Public Service Enterprise
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Public Service Enterprise's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 8.1%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Public Service Enterprise's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 5.66%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Public Service Enterprise's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.92%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Public Service Enterprise's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.28%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Public Service Enterprise's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.31.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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