Evergy Inc [EVRG] stock prices are up 1.34% to $51.36 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EVRG shares have gain 3.67% over the last week, with a monthly amount glided 3.42%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance. In a post published today on Yahoo Finance, 2023 GAAP EPS of $3.17, compared to $3.27 in 2022.
From an analyst’s perspective:
Evergy Inc [NASDAQ: EVRG] 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 $52 for it. Previously, Wells Fargo upgraded its rating to Overweight on January 09, 2024, and elevated its price target to $60. On January 02, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $56 on the stock. BofA Securities upgraded its rating to a Neutral and decreased its price target to $49 on October 03, 2023. Wolfe Research downgraded its rating to a Peer Perform. Barclays started tracking with a Equal Weight rating for this stock on August 23, 2023, and assigned it a price target of $56. In a note dated November 29, 2022, Credit Suisse downgraded an Underperform rating on this stock and revised its target price from $61 to $57.
The stock price of Evergy Inc [EVRG] has been fluctuating between $46.92 and $63.93 over the past year. Currently, Wall Street analysts expect the stock to reach $66 within the next 12 months. Evergy Inc [NASDAQ: EVRG] shares were valued at $51.36 at the most recent close of the market. An investor can expect a potential return of 28.5% based on the average EVRG price forecast.
Analyzing the EVRG fundamentals
The Evergy Inc [NASDAQ:EVRG] reported sales of 5.51B for trailing twelve months, representing a drop of -7.17%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.36.
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 51.10 points at the first support level, and at 50.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.53, and for the 2nd resistance point, it is at 51.70.
Evergy Inc [EVRG] reported earnings per share of $0.27 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 $0.28/share, meaning a difference of -$0.01 and a surprise factor of -3.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.88 per share as compared to estimates of $1.84 per share, a difference of $0.04 representing a surprise of 2.20%.
Ratios To Look Out For
It’s worth pointing out that Evergy Inc [NASDAQ:EVRG]’s Current Ratio is 0.51. Also, the Quick Ratio is 0.29, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 16.17.
Transactions by insiders
Recent insider trading involved Landrieu Mary L., Director, that happened on Jun 14 ’23 when 1170.0 shares were sold. SVP & CHIEF HRO & CHIEF DO, Elwell Lesley Lissette completed a deal on May 25 ’23 to sell 1328.0 shares. Meanwhile, Director Lawrence Sandra AJ sold 2523.0 shares on May 12 ’23.
