FirstEnergy Corp. Given New $32.50 Price Target at Jefferies Group (FE)
Investment analysts at Jefferies Group cut their target price on shares of FirstEnergy Corp. (NYSE:FE) from $36.00 to $32.50 in a note issued to investors on Wednesday, AR Network reports. Jefferies Group’s target price indicates a potential upside of 6.38% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of FirstEnergy Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 24th. They now have a $28.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of FirstEnergy Corp. from $34.00 to $32.00 in a research note to investors on Thursday, January 23rd. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of FirstEnergy Corp. from $37.00 to $34.00 in a research note to investors on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. FirstEnergy Corp. currently has a consensus rating of “Hold” and an average target price of $36.79.
Shares of FirstEnergy Corp. (NYSE:FE) opened at 30.55 on Wednesday. FirstEnergy Corp. has a one year low of $30.47 and a one year high of $46.77. The stock has a 50-day moving average of $31.96 and a 200-day moving average of $35.77. The company has a market cap of $12.777 billion and a P/E ratio of 126.56.
FirstEnergy Corp. (NYSE:FE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. During the same quarter in the previous year, the company posted $1.11 earnings per share. Analysts expect that FirstEnergy Corp. will post $2.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 1st. Investors of record on Friday, February 7th will be paid a dividend of 0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Wednesday, February 5th.
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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