Public Service Enterprise Group Inc. [PEG] stock is trading at $64.21, up 1.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PEG shares have gain 4.27% over the last week, with a monthly amount glided 10.33%, 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. [PEG] stock has fluctuated between $53.71 and $65.46 over the past year. 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 $64.21 at the most recent close of the market. An investor can expect a potential return of 9.02% based on the average PEG price forecast.
Analyzing the PEG fundamentals
Public Service Enterprise Group Inc. [NYSE:PEG] reported sales of 9.99B for the trailing twelve months, which represents a drop of -6.73%. 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 63.44 points at the first support level, and at 62.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.13, and for the 2nd resistance point, it is at 66.04.
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
For context, Public Service Enterprise Group Inc.’s Current Ratio is 0.67. As well, the Quick Ratio is 0.46, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 2.07 and price to earnings (TTM) ratio is 12.53.
Transactions by insiders
Recent insider trading involved LaRossa Ralph A, Chair, President and CEO, that happened on Mar 04 when 1374.0 shares were sold. SVP Corporate Citizenship, Thigpen Richard T completed a deal on Feb 29 to sell 5586.0 shares. Meanwhile, Chair, President and CEO LaRossa Ralph A sold 2748.0 shares on Feb 29.
