FirstEnergy (NYSE:FE) had its price target lowered by analysts at Morgan Stanley from $37.00 to $35.00 in a note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 11.29% from the company’s previous close.
A number of other research analysts have also recently issued reports on FE. Deutsche Bank raised FirstEnergy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Citigroup raised their price objective on FirstEnergy from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of FirstEnergy in a research note on Friday, October 20th. Bank of America initiated coverage on FirstEnergy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $34.00 price objective on the stock. Finally, Mizuho reaffirmed a “hold” rating and set a $30.50 price objective on shares of FirstEnergy in a research note on Tuesday, October 24th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.33.
FirstEnergy (FE) opened at $31.45 on Tuesday. FirstEnergy has a 12 month low of $27.93 and a 12 month high of $35.22. The stock has a market capitalization of $14,010.00, a PE ratio of -2.68, a PEG ratio of 12.20 and a beta of 0.35. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.56 and a current ratio of 0.69.
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FirstEnergy Company Profile
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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