Wall Street predicts PG&E Corporation (PCG) stock to surge by 17.59%

At the time of writing, PG&E Corporation [PCG] stock is trading at $16.43, down -0.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCG shares have lost -0.79% over the last week, with a monthly amount drifted -3.01%, and not seem to be holding up well over a long-time horizon.

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On 22, May 2023, PG&E Corporation to Hold 2023 Investor Day. In a post published today on Yahoo Finance, PG&E Corporation (NYSE: PCG) will hold an Investor Day on Wednesday, May 24, 2023, including a virtual webcast at 6:30 p.m. Eastern Time (3:30 p.m. Pacific Time). The public can access the presentation through the link below, which is also available on the PG&E Corporation website. Presentations by members of executive management are expected to conclude at approximately 8:30 p.m. Eastern Time (5:30 p.m. Pacific Time).

From an analyst’s perspective:

For the past year, the stock price of PG&E Corporation fluctuated between $9.64 and $17.68. Currently, Wall Street analysts expect the stock to reach $19.32 within the next 12 months. PG&E Corporation [NYSE: PCG] shares were valued at $16.43 at the most recent close of the market. An investor can expect a potential return of 17.59% based on the average PCG price forecast.

Analyzing the PCG fundamentals

According to PG&E Corporation [NYSE:PCG], the company’s sales were 6.21 billion in the recent quarter, which represents an 7.10% jump. The company generates $833,526 in revenue per employee, while its income per employee is $69,742. Gross Margin for this corporation currently stands at +12.37% with Operating Margin at +12.37%, Pretax Margin comes in at +2.20%, and Net Margin reading is +8.37%. To continue investigating profitability, this company’s Return on Assets is posted at 1.51, Equity is 8.28, Total Capital is 3.72, and Invested Capital is 2.75. An extended look at the Principal structure reveals enduring liabilities to the total capital of 70.11 and enduring liabilities to assets of 41.66.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.24 points at the first support level, and at 16.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.59, and for the 2nd resistance point, it is at 16.75.

PG&E Corporation [PCG] reported earnings per share of $0.29 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.29/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.26 per share as compared to estimates of $0.28 per share, a difference of -$0.02 representing a surprise of -7.10%.

Ratios To Look Out For

It is important to note that PG&E Corporation [NYSE:PCG] has a current ratio of 0.80. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 1.42 and the P/E (TTM) ratio is 18.50.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 4 insider purchases totaling 75,139 shares and 13 insider sales totaling 281,428 shares over the past 3 months. Recent insider trading involved Burke Carolyn Jeanne, EVP Finance, that happened on Mar 30 when 156.0 shares were purchased. Chief Executive Officer, Poppe Patricia K completed a deal on Mar 03 to sell 66700.0 shares. Meanwhile, Former 10% owner PG&E Fire Victim Trust sold 60.0 million shares on Jan 09.