Across the recent three months, 8 analysts have shared their insights on Public Service Enterprise (NYSE:PEG), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $75.38, a high estimate of $82.00, and a low estimate of $62.00. Witnessing a positive shift, the current average has risen by 7.9% from the previous average price target of $69.86.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Public Service Enterprise among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Thalacker | BMO Capital | Raises | Market Perform | $74.00 | $69.00 |
| David Arcaro | Morgan Stanley | Lowers | Overweight | $76.00 | $78.00 |
| Shahriar Pourreza | Guggenheim | Announces | Buy | $82.00 | - |
| Julien Dumoulin-Smith | B of A Securities | Raises | Buy | $80.00 | $73.00 |
| David Arcaro | Morgan Stanley | Raises | Overweight | $78.00 | $72.00 |
| Anthony Crowdell | Mizuho | Raises | Buy | $80.00 | $65.00 |
| Andrew Weisel | Scotiabank | Lowers | Sector Perform | $62.00 | $64.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $71.00 | $68.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Public Service Enterprise. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Public Service Enterprise compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Public Service Enterprise's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Public Service Enterprise's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Public Service Enterprise analyst ratings.
About Public Service Enterprise
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.
Public Service Enterprise: A Financial Overview
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Challenges: Public Service Enterprise's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -26.5%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: Public Service Enterprise's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 19.28%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Public Service Enterprise's ROE excels beyond industry benchmarks, reaching 3.41%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Public Service Enterprise's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.03%, the company showcases efficient use of assets and strong financial health.
Debt Management: Public Service Enterprise's debt-to-equity ratio is below the industry average at 1.4, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.