In the latest quarter, 11 analysts provided ratings for Public Service Enterprise PEG, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 7 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 4 | 1 | 0 | 0 |
| 3M Ago | 1 | 3 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Public Service Enterprise, presenting an average target of $70.09, a high estimate of $80.00, and a low estimate of $62.00. Marking an increase of 6.52%, the current average surpasses the previous average price target of $65.80.
Diving into Analyst Ratings: An In-Depth Exploration
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 |
|---|---|---|---|---|---|
| Anthony Crowdell | Mizuho | Raises | Buy | $80.00 | $65.00 |
| Andrew Weisel | Scotiabank | Lowers | Sector Perform | $62.00 | $64.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $71.00 | $68.00 |
| Greg Gordon | Evercore ISI Group | Raises | Outperform | $72.00 | $67.00 |
| David Arcaro | Morgan Stanley | Raises | Overweight | $70.00 | $61.00 |
| David Arcaro | Morgan Stanley | Maintains | Overweight | $70.00 | - |
| Julien Dumoulin-Smith | B of A Securities | Raises | Buy | $73.00 | $66.00 |
| Neil Kalton | Wells Fargo | Raises | Overweight | $70.00 | $68.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $68.00 | $65.00 |
| Shelby Tucker | RBC Capital | Raises | Outperform | $72.00 | $70.00 |
| James Thalacker | BMO Capital | Lowers | Market Perform | $63.00 | $64.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Public Service Enterprise. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Public Service Enterprise compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Public Service Enterprise's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Public Service Enterprise's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Public Service Enterprise analyst ratings.
All You Need to Know About Public Service Enterprise
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.
Breaking Down Public Service Enterprise's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Negative Revenue Trend: Examining Public Service Enterprise's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -26.5% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.
Net Margin: Public Service Enterprise's net margin excels beyond industry benchmarks, reaching 19.28%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Public Service Enterprise's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.41% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Public Service Enterprise's ROA excels beyond industry benchmarks, reaching 1.03%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.4.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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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