Wall Street predicts Sempra (SRE) stock to drop by -12.99%

Sempra [SRE] stock is trading at $68.44, up 0.74%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SRE shares have lost -1.17% over the last week, with a monthly amount drifted -3.73%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sempra [NYSE: SRE] stock has seen the most recent analyst activity on January 11, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $84 from $76. Previously, Ladenburg Thalmann started tracking the stock with Buy rating on January 03, 2024, and set its price target to $81.50. On December 12, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $86 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $156 on August 23, 2023. Goldman initiated its recommendation with a Buy and recommended $178 as its price target on June 08, 2023. BofA Securities upgraded its rating to Buy for this stock on July 14, 2022. In a note dated July 06, 2022, Goldman upgraded an Buy rating on this stock and boosted its target price from $164 to $167.

Sempra [SRE] stock has fluctuated between $63.75 and $79.51 over the past year. Currently, Wall Street analysts expect the stock to reach $59.55 within the next 12 months. Sempra [NYSE: SRE] shares were valued at $68.44 at the most recent close of the market. An investor can expect a potential drop of -12.99% based on the average SRE price forecast.

Analyzing the SRE fundamentals

Sempra [NYSE:SRE] reported sales of 16.58B for the trailing twelve months, which represents a drop of -18.42%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.04.

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 67.80 points at the first support level, and at 67.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.83, and for the 2nd resistance point, it is at 69.22.

Ratios To Look Out For

For context, Sempra’s Current Ratio is 0.54. Also, the Quick Ratio is 0.49, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 14.29.

Transactions by insiders

Recent insider trading involved BIRD JUSTIN CHRISTOPHER, Executive Vice President, that happened on Mar 08 ’24 when 6278.0 shares were sold. Executive VP and CFO, Sedgwick Karen L completed a deal on Mar 08 ’24 to sell 3624.0 shares. Meanwhile, Chief Legal Counsel DAY DIANA L sold 3406.0 shares on Mar 08 ’24.

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