NiSource Hits New 1-Year High at $39.70 (NI)
NiSource (NYSE:NI) hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings Network.com reports. The stock traded as high as $39.70 and last traded at $39.46, with a volume of 528,891 shares traded. The stock had previously closed at $39.43.
A number of research firms have recently commented on NI. Analysts at Zacks reiterated a “neutral” rating on shares of NiSource in a research note on Friday, May 30th. They now have a $39.00 price target on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.
The stock’s 50-day moving average is $38.4 and its 200-day moving average is $36.06. The company has a market cap of $12.463 billion and a price-to-earnings ratio of 22.96.
NiSource (NYSE:NI) last announced its earnings results on Wednesday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts predict that NiSource will post $1.69 earnings per share 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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