Jefferies Group Increases Public Service Enterprise Group Price Target to $44.00 (PEG)
Stock analysts at Jefferies Group raised their price objective on shares of Public Service Enterprise Group (NYSE:PEG) from $42.00 to $44.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 15.82% from the company’s current price.
PEG has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Public Service Enterprise Group from $42.00 to $41.00 in a research note on Friday, May 23rd. Separately, 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. Finally, 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. 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 stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.90.
Public Service Enterprise Group (NYSE:PEG) opened at 37.99 on Tuesday. Public Service Enterprise Group has a 52-week low of $31.03 and a 52-week high of $41.38. The stock’s 50-day moving average is $38.5 and its 200-day moving average is $35.76. The company has a market cap of $19.220 billion and a P/E ratio of 14.67. Public Service Enterprise Group also saw a significant growth in short interest in the month of May. As of May 30th, there was short interest totalling 19,707,379 shares, a growth of 42.6% from the May 15th total of 13,820,092 shares. Based on an average daily volume of 4,272,391 shares, the short-interest ratio is currently 4.6 days. Currently, 3.9% of the shares of the company are sold short.
Public Service Enterprise Group (NYSE:PEG) last released its earnings data on Thursday, May 1st. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.05. During the same quarter last year, the company posted $0.85 earnings per share. Analysts expect that Public Service Enterprise Group will post $2.73 EPS for the current fiscal year.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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