Eversource Energy [ES] stock prices are up 1.65% to $61.62 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 ES shares have gain 1.28% over the last week, with a monthly amount glided 3.96%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Eversource Energy [NYSE: ES] 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 $73. Previously, UBS upgraded its rating to Buy on April 04, 2024, and elevated its price target to $67. On February 15, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $62 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $72 on January 22, 2024. Evercore ISI downgraded its rating to a In-line and reduced its price target to $65 on November 07, 2023. Scotiabank downgraded its rating to Sector Perform for this stock on October 16, 2023, but kept the price target unchanged to $60. In a note dated October 13, 2023, Guggenheim downgraded an Neutral rating on this stock but restated the target price of $60.
The stock price of Eversource Energy [ES] has been fluctuating between $52.03 and $78.64 over the past year. Currently, Wall Street analysts expect the stock to reach $84.88 within the next 12 months. Eversource Energy [NYSE: ES] shares were valued at $61.62 at the most recent close of the market. An investor can expect a potential return of 37.75% based on the average ES price forecast.
Analyzing the ES fundamentals
The Eversource Energy [NYSE:ES] reported sales of 11.91B for trailing twelve months, representing a drop of -11.07%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.89.
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 60.54 points at the first support level, and at 59.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.60, and for the 2nd resistance point, it is at 63.57.
Eversource Energy [ES] reported earnings per share of $1.36 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.97/share, meaning a difference of $0.39 and a surprise factor of 40.20%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.97 per share as compared to estimates of $0.98 per share, a difference of -$0.01 representing a surprise of -1.00%.
Ratios To Look Out For
It’s worth pointing out that Eversource Energy [NYSE:ES]’s Current Ratio is 0.67. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 1.52.
Transactions by insiders
Recent insider trading involved FORRY LINDA DORCENA, Trustee, that happened on Mar 01 ’24 when 822.0 shares were sold. Trustee, Williams Frederica M completed a deal on Feb 26 ’24 to sell 2714.0 shares. Meanwhile, Trustee VAN FAASEN WILLIAM C sold 2714.0 shares on Jan 18 ’24.
