Evergy Inc (EVRG) Stock: Identifying Value and Future Vision

Evergy Inc [EVRG] stock is trading at $54.29, down -0.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EVRG shares have gain 1.61% over the last week, with a monthly amount glided 1.38%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Evergy Inc [NASDAQ: EVRG] stock has seen the most recent analyst activity on April 04, 2024, when Ladenburg Thalmann initiated its Neutral rating and assigned the stock a price target of $51. Previously, Citigroup started tracking the stock with Buy rating on March 26, 2024, and set its price target to $64. On March 13, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $57 on the stock. Guggenheim downgraded its rating to a Neutral but stick to its price target of $52 on January 22, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $60 on January 09, 2024. Barclays upgraded its rating to Overweight for this stock on January 02, 2024, and upped its price target to $56. In a note dated October 03, 2023, BofA Securities upgraded an Neutral rating on this stock and revised its target price from $52 to $49.

Evergy Inc [EVRG] stock has fluctuated between $46.92 and $61.84 over the past year. Currently, Wall Street analysts expect the stock to reach $59.33 within the next 12 months. Evergy Inc [NASDAQ: EVRG] shares were valued at $54.29 at the most recent close of the market. An investor can expect a potential return of 9.28% based on the average EVRG price forecast.

Analyzing the EVRG fundamentals

Evergy Inc [NASDAQ:EVRG] reported sales of 5.55B for the trailing twelve months, which represents a growth of 3.10%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.41.

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 53.98 points at the first support level, and at 53.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.77, and for the 2nd resistance point, it is at 55.24.

Ratios To Look Out For

For context, Evergy Inc’s Current Ratio is 0.57. As well, the Quick Ratio is 0.32, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 17.57.

Transactions by insiders

Recent insider trading involved Landrieu Mary L., Director, that happened on Jun 14 ’23 when 1170.0 shares were sold.

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