Firstenergy Corp. [FE] stock prices are up 1.68% to $37.45 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FE shares have lost -1.03% over the last week, with a monthly amount drifted -1.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Firstenergy Corp. [NYSE: FE] stock has seen the most recent analyst activity on April 10, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $45. Previously, Barclays started tracking the stock with Equal Weight rating on August 23, 2023, and set its price target to $37. On August 07, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $40 on the stock. Guggenheim upgraded its rating to a Buy and increased its price target to $46 on January 23, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $38 on January 23, 2023. BofA Securities downgraded its rating to Neutral for this stock on May 16, 2022, and downed its price target to $44. In a note dated April 26, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $51 on this stock.
The stock price of Firstenergy Corp. [FE] has been fluctuating between $32.18 and $41.17 over the past year. Currently, Wall Street analysts expect the stock to reach $44.83 within the next 12 months. Firstenergy Corp. [NYSE: FE] shares were valued at $37.45 at the most recent close of the market. An investor can expect a potential return of 19.71% based on the average FE price forecast.
Analyzing the FE fundamentals
The Firstenergy Corp. [NYSE:FE] reported sales of 12.87B for trailing twelve months, representing a drop of -0.98%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, 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 of2.39.
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 37.07 points at the first support level, and at 36.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.67, and for the 2nd resistance point, it is at 37.90.
Ratios To Look Out For
It’s worth pointing out that Firstenergy Corp. [NYSE:FE]’s Current Ratio is 0.48. In addition, the Quick Ratio stands at 0.38 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 19.50.
Transactions by insiders
Recent insider trading involved Walker Christine, SVP, CHRO & Corporate Services, that happened on Nov 27 ’23 when 12500.0 shares were sold.
