Public Service Enterprise Group Upgraded to Outperform by RBC Capital (PEG)
Public Service Enterprise Group (NYSE:PEG) was upgraded by stock analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Public Service Enterprise Group (NYSE:PEG) opened at 32.84 on Wednesday. Public Service Enterprise Group has a 52-week low of $29.05 and a 52-week high of $37.00. The stock has a 50-day moving average of $32.94 and a 200-day moving average of $33.59. The company has a market cap of $16.612 billion and a price-to-earnings ratio of 13.63.
Public Service Enterprise Group (NYSE:PEG) last released its earnings data on Tuesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts expect that Public Service Enterprise Group will post $2.45 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group upgraded shares of Public Service Enterprise Group (NYSE:PEG) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $37.00 price target on the stock, up previously from $36.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Public Service Enterprise Group (NYSE:PEG) in a research note to investors on Friday, September 13th. They now have a $33.00 price target on the stock.
One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.79.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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