At the time of writing, WEC Energy Group Inc [WEC] stock is trading at $79.63, up 2.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WEC shares have lost -0.11% over the last week, with a monthly amount drifted -1.72%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
WEC Energy Group Inc [NYSE: WEC] stock has seen the most recent analyst activity on April 10, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $88. Previously, JP Morgan downgraded its rating to Underweight on February 02, 2024, and dropped its price target to $84. On January 04, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $78 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $86 on October 17, 2023. RBC Capital Mkts initiated its recommendation with a Sector Perform and recommended $95 as its price target on September 27, 2023. Ladenburg Thalmann started tracking with a Neutral rating for this stock on September 11, 2023, and assigned it a price target of $85. In a note dated August 23, 2023, Barclays initiated an Underweight rating and provided a target price of $83 on this stock.
For the past year, the stock price of WEC Energy Group Inc fluctuated between $75.13 and $98.80. Currently, Wall Street analysts expect the stock to reach $102.5 within the next 12 months. WEC Energy Group Inc [NYSE: WEC] shares were valued at $79.63 at the most recent close of the market. An investor can expect a potential return of 28.72% based on the average WEC price forecast.
Analyzing the WEC fundamentals
According to WEC Energy Group Inc [NYSE:WEC], the company’s sales were 8.89B for trailing twelve months, which represents an -13.32% plunge. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.6.
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 78.71 points at the first support level, and at 77.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.18, and for the 2nd resistance point, it is at 80.73.
Ratios To Look Out For
It is important to note that WEC Energy Group Inc [NYSE:WEC] has a current ratio of 0.55. Also, the Quick Ratio is 0.40, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 2.83, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 18.89.
Transactions by insiders
Recent insider trading involved KLAPPA GALE E, Executive Chairman, that happened on Feb 29 ’24 when 37180.0 shares were sold. President and CEO, Lauber Scott J completed a deal on Feb 29 ’24 to sell 2830.0 shares. Meanwhile, Director PAYNE ULICE JR sold 600.0 shares on Nov 28 ’23.
