NiSource Price Target Raised to $41.00 at Credit Suisse (NI)
Equities researchers at Credit Suisse boosted their target price on shares of NiSource (NYSE:NI) from $40.00 to $41.00 in a research report issued on Friday. Credit Suisse’s price objective points to a potential upside of 10.10% from the stock’s previous close.
Separately, 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 given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.33.
Shares of NiSource (NYSE:NI) traded down 1.17% during mid-day trading on Friday, hitting $37.24. The stock had a trading volume of 2,721,339 shares. NiSource has a 1-year low of $28.85 and a 1-year high of $39.70. The stock has a 50-day moving average of $38.68 and a 200-day moving average of $36.2. The company has a market cap of $11.726 billion and a price-to-earnings ratio of 21.95.
NiSource (NYSE:NI) last announced its earnings results on Thursday, July 31st. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.01. The company had revenue of $963.30 million for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $0.23 earnings per share. NiSource’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that NiSource will post $1.69 EPS 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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