Public Service Enterprise Group Price Target Cut to $41.00 (PEG)
Barclays dropped their price target on shares of Public Service Enterprise Group (NYSE:PEG) from $42.00 to $41.00 in a research note issued on Friday. Barclays’ price target would indicate a potential upside of 8.98% from the stock’s previous close.
Public Service Enterprise Group (NYSE:PEG) opened at 37.62 on Friday. Public Service Enterprise Group has a 52-week low of $31.03 and a 52-week high of $41.38. The stock has a 50-day moving average of $38. and a 200-day moving average of $35.18. The company has a market cap of $19.033 billion and a P/E ratio of 14.58.
Public Service Enterprise Group (NYSE:PEG) last released its earnings data on Thursday, May 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.05. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, analysts predict that Public Service Enterprise Group will post $2.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, June 4th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Wells Fargo & Co. upgraded shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research note on Monday, May 12th. They noted that the move was a valuation call. Finally, analysts at RBS downgraded shares of Public Service Enterprise Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 2nd. They now have a $39.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.70.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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