In the latest quarter, 10 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 | 0 | 6 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 4 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $94.0, along with a high estimate of $100.00 and a low estimate of $85.00. This current average has increased by 7.77% from the previous average price target of $87.22.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Public Service Enterprise. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nicholas Campanella | Barclays | Lowers | Overweight | $88.00 | $98.00 |
| Ross Fowler | UBS | Raises | Neutral | $98.00 | $94.00 |
| James Thalacker | BMO Capital | Raises | Market Perform | $89.00 | $86.00 |
| Neil Kalton | Wells Fargo | Raises | Overweight | $100.00 | $85.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $98.00 | $80.00 |
| Greg Gordon | Evercore ISI Group | Raises | Outperform | $95.00 | $92.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $98.00 | $80.00 |
| Ross Fowler | UBS | Raises | Neutral | $94.00 | $87.00 |
| David Arcaro | Morgan Stanley | Raises | Overweight | $95.00 | $83.00 |
| Paul Zimbardo | Jefferies | Announces | Hold | $85.00 | - |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Public Service Enterprise compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing 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.
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 4.3 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 Milestones: Public Service Enterprise's Journey
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Public Service Enterprise's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.57% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: Public Service Enterprise's net margin excels beyond industry benchmarks, reaching 19.68%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Public Service Enterprise's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.98% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.37.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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