Xcel Energy, Inc. (XEL) stock: 12-month forecast projects 31.43% potential return%

A share price of Xcel Energy, Inc. [XEL] is currently trading at $53.17, saw in change for the day. 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 XEL shares have lost -1.68% over the last week, with a monthly amount glided 2.49%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Xcel Energy, Inc. [NASDAQ: XEL] stock has seen the most recent analyst activity on March 11, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $58 for it. Previously, Barclays upgraded its rating to Overweight on March 11, 2024, and dropped its price target to $54. On October 06, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $66 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $60 on August 24, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $60 on August 22, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on June 21, 2023. In a note dated June 08, 2023, Goldman initiated an Buy rating and provided a target price of $75 on this stock.

Xcel Energy, Inc. experienced fluctuations in its stock price throughout the past year between $46.79 and $71.32. Currently, Wall Street analysts expect the stock to reach $69.88 within the next 12 months. Xcel Energy, Inc. [NASDAQ: XEL] shares were valued at $53.17 at the most recent close of the market. An investor can expect a potential return of 31.43% based on the average XEL price forecast.

Analyzing the XEL fundamentals

Trailing Twelve Months sales for Xcel Energy, Inc. [NASDAQ:XEL] were 14.21B which represents -14.97% decline. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.49.

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 52.76 points at the first support level, and at 52.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.65, and for the 2nd resistance point, it is at 54.13.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Xcel Energy, Inc. [NASDAQ:XEL] is 0.72. Further, the Quick Ratio stands at 0.59, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 16.58.

Transactions by insiders

Recent insider trading involved Carter Brett C, EVP, Group President Utilitie, that happened on May 01 ’23 when 30000.0 shares were sold. EVP, Chief Operations Officer, O’Connor Timothy John completed a deal on Apr 28 ’23 to sell 15625.0 shares.

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