At the time of writing, Public Service Enterprise Group Inc. [PEG] stock is trading at $65.03, up 1.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The PEG shares have lost -2.31% over the last week, with a monthly amount glided 1.56%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Public Service Enterprise Group Inc. [NYSE: PEG] 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 $61 for it. Previously, Barclays started tracking the stock with Overweight rating on August 23, 2023, and set its price target to $64. On August 14, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $66 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Goldman initiated its recommendation with a Neutral and recommended $64 as its price target on June 08, 2023. In a note dated November 17, 2022, Wolfe Research downgraded an Peer Perform rating on this stock.
For the past year, the stock price of Public Service Enterprise Group Inc. fluctuated between $53.71 and $67.51. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Public Service Enterprise Group Inc. [NYSE: PEG] shares were valued at $65.03 at the most recent close of the market. An investor can expect a potential return of 7.64% based on the average PEG price forecast.
Analyzing the PEG fundamentals
According to Public Service Enterprise Group Inc. [NYSE:PEG], the company’s sales were 9.67B for trailing twelve months, which represents an -18.30% plunge. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.18 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
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 64.52 points at the first support level, and at 64.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.41, and for the 2nd resistance point, it is at 65.80.
Ratios To Look Out For
It is important to note that Public Service Enterprise Group Inc. [NYSE:PEG] has a current ratio of 0.67. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 3.35, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 12.69.
Transactions by insiders
Recent insider trading involved LaRossa Ralph A, Chair, President and CEO, that happened on Apr 01 ’24 when 1374.0 shares were sold. Vice President and Controller, Chernick Rose M completed a deal on Mar 21 ’24 to sell 200.0 shares. Meanwhile, SVP Corporate Citizenship Thigpen Richard T sold 4800.0 shares on Mar 14 ’24.
