Evergy Inc [EVRG] stock prices are up 3.45% to $53.05 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EVRG shares have gain 2.47% over the last week, with a monthly amount glided 5.68%, and seem to be holding up well over a long-time horizon.
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On 8, March 2024, Evergy Chairman Mark Ruelle to Retire; Evergy President and CEO David Campbell to Serve as Chairman of the Board. In a post published today on Yahoo Finance, Evergy, Inc. (NASDAQ: EVRG) announced today that Mark Ruelle will not stand for reelection at Evergy’s annual meeting on May 7, 2024 as he retires from Evergy’s board of directors and his role as chairman at the end of his term. David Campbell, Evergy’s president and chief executive officer, has been nominated by the board of directors to assume the role of chairman of the board following Evergy’s annual meeting.
From an analyst’s perspective:
Evergy Inc [NASDAQ: EVRG] stock has seen the most recent analyst activity on March 26, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $64. Previously, BofA Securities upgraded its rating to Buy on March 13, 2024, and elevated its price target to $57. On January 22, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $52 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $60 on January 09, 2024. Barclays upgraded its rating to a Overweight and raised its price target to $56 on January 02, 2024. BofA Securities upgraded its rating to Neutral for this stock on October 03, 2023, and downed its price target to $49. In a note dated September 11, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
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 $58.5 within the next 12 months. Evergy Inc [NASDAQ: EVRG] shares were valued at $53.05 at the most recent close of the market. An investor can expect a potential return of 10.27% 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 51.98 points at the first support level, and at 50.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.60, and for the 2nd resistance point, it is at 54.14.
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. On the other hand, the Quick Ratio is 0.29, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 16.70.
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.
