A share price of Public Service Enterprise Group Inc. [PEG] is currently trading at $62.63, up 1.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The PEG shares have gain 2.44% over the last week, with a monthly amount glided 7.95%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, PSEG ANNOUNCES 2023 RESULTS. In a post published today on Yahoo Finance, $5.13 PER SHARE NET INCOME$3.48 PER SHARE NON-GAAP OPERATING EARNINGS.
From an analyst’s perspective:
Public Service Enterprise Group Inc. [NYSE: PEG] stock has seen the most recent analyst activity on January 22, 2024, when Guggenheim downgraded its rating to a Neutral but kept the price target unchanged to $61 for it. Previously, Barclays started tracking the stock with Overweight rating on August 23, 2023, and set its price target to $64. On August 14, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $66 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Goldman initiated its recommendation with a Neutral and recommended $64 as its price target on June 08, 2023. In a note dated November 17, 2022, Wolfe Research downgraded an Peer Perform rating on this stock.
Public Service Enterprise Group Inc. experienced fluctuations in its stock price throughout the past year between $53.71 and $65.46. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Public Service Enterprise Group Inc. [NYSE: PEG] shares were valued at $62.63 at the most recent close of the market. An investor can expect a potential return of 11.77% based on the average PEG price forecast.
Analyzing the PEG fundamentals
Trailing Twelve Months sales for Public Service Enterprise Group Inc. [NYSE:PEG] were 9.99B which represents -6.73% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.18 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
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 61.76 points at the first support level, and at 60.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.09, and for the 2nd resistance point, it is at 63.56.
Public Service Enterprise Group Inc. [PEG] reported earnings per share of $0.54 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.52/share, meaning a difference of $0.02 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.85 per share as compared to estimates of $0.75 per share, a difference of $0.1 representing a surprise of 13.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Public Service Enterprise Group Inc. [NYSE:PEG] is 0.67. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 3.12, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 12.22.
Transactions by insiders
Recent insider trading involved Chernick Rose M, Vice President and Controller, that happened on Feb 21 when 200.0 shares were sold. Vice President and Controller, Chernick Rose M completed a deal on Jan 22 to sell 200.0 shares. Meanwhile, Vice President and Controller Chernick Rose M sold 200.0 shares on Dec 21.
