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Analysts' ratings for Public Service Enterprise (NYSE:PEG) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 7 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 5 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $68.4, a high estimate of $73.00, and a low estimate of $61.00. This upward trend is apparent, with the current average reflecting a 4.24% increase from the previous average price target of $65.62.
Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| 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 |
| Shahriar Pourreza | Guggenheim | Announces | Neutral | $61.00 | - |
| Eric Beaumont | Barclays | Raises | Overweight | $65.00 | $64.00 |
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 set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Public Service Enterprise's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Public Service Enterprise analyst ratings.
Unveiling the Story Behind 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.
Public Service Enterprise: Delving into Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, Public Service Enterprise faced challenges, resulting in a decline of approximately -17.01% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 20.96%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Public Service Enterprise's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.56%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Public Service Enterprise's ROA stands out, surpassing industry averages. With an impressive ROA of 1.09%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Public Service Enterprise's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.32.
What Are Analyst Ratings?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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