At the time of writing, NiSource Inc [NI] stock is trading at $27.17, down -0.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NI shares have lost -1.06% over the last week, with a monthly amount glided 2.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NiSource Inc [NYSE: NI] stock has seen the most recent analyst activity on January 22, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $28. Previously, Ladenburg Thalmann started tracking the stock with Buy rating on October 06, 2023, and set its price target to $25. On June 06, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $31 on the stock. Credit Suisse upgraded its rating to a Outperform but stick to its price target of $27 on November 09, 2022. Edward Jones upgraded its rating to a Buy. Credit Suisse started tracking with a Neutral rating for this stock on April 26, 2022, and assigned it a price target of $32. In a note dated February 15, 2022, UBS downgraded an Neutral rating on this stock and boosted its target price from $29 to $31.
For the past year, the stock price of NiSource Inc fluctuated between $22.86 and $28.95. Currently, Wall Street analysts expect the stock to reach $33.5 within the next 12 months. NiSource Inc [NYSE: NI] shares were valued at $27.17 at the most recent close of the market. An investor can expect a potential return of 23.3% based on the average NI price forecast.
Analyzing the NI fundamentals
According to NiSource Inc [NYSE:NI], the company’s sales were 5.51B for trailing twelve months, which represents an -16.58% plunge. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.15%, 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 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.71.
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 26.90 points at the first support level, and at 26.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.50, and for the 2nd resistance point, it is at 27.83.
Ratios To Look Out For
It is important to note that NiSource Inc [NYSE:NI] has a current ratio of 0.85. Further, the Quick Ratio stands at 0.76, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 18.39.
Transactions by insiders
Recent insider trading involved Gode Gunnar, VP & Chief Accounting Officer, that happened on Mar 15 ’24 when 950.0 shares were sold. EVP & Chief Innovation Officer, Brown Donald Eugene completed a deal on Mar 06 ’24 to sell 37490.0 shares. Meanwhile, SVP & CHRO Berman Melanie B. sold 11141.0 shares on Mar 05 ’24.
