NiSource’s Neutral Rating Reaffirmed at Zacks (NI)
NiSource (NYSE:NI)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Monday. They currently have a $39.00 price target on the stock. Zacks‘s price target points to a potential upside of 4.73% from the company’s current price.
NiSource (NYSE:NI) traded down 1.56% during mid-day trading on Monday, hitting $36.66. 1,819,800 shares of the company’s stock traded hands. NiSource has a 52-week low of $28.85 and a 52-week high of $39.70. The stock’s 50-day moving average is $38.68 and its 200-day moving average is $36.2. The company has a market cap of $11.560 billion and a price-to-earnings ratio of 21.50.
NiSource (NYSE:NI) last announced its earnings results on Thursday, July 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that NiSource will post $1.70 earnings per share for the current fiscal year.
Separately, analysts at Credit Suisse raised their price target on shares of NiSource from $40.00 to $41.00 in a research note on Friday. Three 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.
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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