NiSource Inc. Reaches New 12-Month High at $34.00 (NI)
NiSource (NYSE:NI)’s share price reached a new 52-week high during trading hours on Friday, Stock Ratings News reports. The company traded as high as $34.00 and last traded at $33.61, with a volume of 2,003,500 shares traded. The stock had previously closed at $33.09.
A number of analysts have recently weighed in on NI shares. Analysts at Credit Suisse cut their price target on shares of NiSource from $33.00 to $32.00 in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NiSource in a research note to investors on Friday, November 1st. They now have a $33.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.40.
NiSource has a 1-year low of $25.46 and a 1-year high of $33.48. The stock’s 50-day moving average is $31.94 and its 200-day moving average is $30.83. The company has a market cap of $10.550 billion and a P/E ratio of 20.04.
NiSource (NYSE:NI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that NiSource will post $1.55 EPS for the current fiscal year.
NiSource Inc (NYSE:NI) is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.
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