Credit Suisse Lowers FirstEnergy Corp. Price Target to $33.00 (FE)
Research analysts at Credit Suisse dropped their price objective on shares of FirstEnergy Corp. (NYSE:FE) from $35.00 to $33.00 in a report released on Friday, Stock Ratings Network reports. Credit Suisse’s price target would indicate a potential upside of 1.57% from the company’s current price.
A number of other analysts have also recently weighed in on FE. Analysts at Citigroup Inc. downgraded shares of FirstEnergy Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, January 3rd. Separately, analysts at Wells Fargo & Co. upgraded shares of FirstEnergy Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 27th. Finally, analysts at Tudor Pickering downgraded shares of FirstEnergy Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. FirstEnergy Corp. has a consensus rating of “Hold” and an average price target of $39.71.
Shares of FirstEnergy Corp. (NYSE:FE) traded up 0.20% during mid-day trading on Friday, hitting $32.555. The stock had a trading volume of 4,135,378 shares. FirstEnergy Corp. has a 52 week low of $31.29 and a 52 week high of $46.77. The stock has a 50-day moving average of $32.20 and a 200-day moving average of $36.04. The company has a market cap of $13.615 billion and a price-to-earnings ratio of 133.16.
FirstEnergy Corp. (NYSE:FE) last announced its earnings results on Tuesday, November 5th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.02. During the same quarter last year, the company posted $1.11 earnings per share. On average, analysts predict that FirstEnergy Corp. will post $2.97 earnings per share for the current fiscal year.
FirstEnergy Corp. (NYSE:FE) is engaged in the holding, directly or indirectly, of its subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn) (a wholly owned subsidiary of OE), American Transmission Systems, Incorporated (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec).
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