At the time of writing, Eversource Energy [ES] stock is trading at $57.84, up 0.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ES shares have gain 2.26% over the last week, with a monthly amount drifted -1.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Eversource Energy [NYSE: ES] stock has seen the most recent analyst activity on June 25, 2024, when BofA Securities upgraded its rating to a Neutral but kept the price target unchanged to $61 for it. Previously, Goldman started tracking the stock with Buy rating on April 10, 2024, and set its price target to $73. On April 04, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $67 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $62 on February 15, 2024. Guggenheim upgraded its rating to a Buy but $72 remained the price target by the analyst firm on January 22, 2024. Evercore ISI downgraded its rating to In-line for this stock on November 07, 2023, and downed its price target to $65. In a note dated October 16, 2023, Scotiabank downgraded an Sector Perform rating on this stock but restated the target price of $60.
For the past year, the stock price of Eversource Energy fluctuated between $52.03 and $74.81. Currently, Wall Street analysts expect the stock to reach $82.78 within the next 12 months. Eversource Energy [NYSE: ES] shares were valued at $57.84 at the most recent close of the market. An investor can expect a potential return of 43.12% based on the average ES price forecast.
Analyzing the ES fundamentals
According to Eversource Energy [NYSE:ES], the company’s sales were 11.45B for trailing twelve months, which represents an -12.20% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.22%, 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 1.94.
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 57.18 points at the first support level, and at 56.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.21, and for the 2nd resistance point, it is at 58.57.
Ratios To Look Out For
It is important to note that Eversource Energy [NYSE:ES] has a current ratio of 0.77. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 1.40.
Transactions by insiders
Recent insider trading involved Conner Penelope M, EVP-Cust Exp & Energy Strategy, that happened on May 31 ’24 when 2700.0 shares were sold. Executive VP & General Counsel, BUTLER GREGORY B completed a deal on May 29 ’24 to sell 10000.0 shares. Meanwhile, Trustee FORRY LINDA DORCENA sold 822.0 shares on Mar 01 ’24.
