It’s still a bull thesis, just subverted: Portland General Electric Co (POR)

At the time of writing, Portland General Electric Co [POR] stock is trading at $48.03, up 0.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The POR shares have gain 1.29% over the last week, with a monthly amount glided 13.17%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Portland General Electric Co [NYSE: POR] stock has seen the most recent analyst activity on July 22, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight. Previously, BofA Securities downgraded its rating to Neutral on February 05, 2024, and dropped its price target to $43. On January 29, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $45 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $47 on December 11, 2023. Ladenburg Thalmann initiated its recommendation with a Buy and recommended $43 as its price target on November 09, 2023. Barclays started tracking with a Equal Weight rating for this stock on August 23, 2023, and assigned it a price target of $43. In a note dated August 22, 2023, UBS initiated an Neutral rating and provided a target price of $46 on this stock.

For the past year, the stock price of Portland General Electric Co fluctuated between $38.01 and $48.58. Currently, Wall Street analysts expect the stock to reach $50.29 within the next 12 months. Portland General Electric Co [NYSE: POR] shares were valued at $48.03 at the most recent close of the market. An investor can expect a potential return of 4.71% based on the average POR price forecast.

Analyzing the POR fundamentals

According to Portland General Electric Co [NYSE:POR], the company’s sales were 2.96B for trailing twelve months, which represents an 15.97% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.28.

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 47.22 points at the first support level, and at 46.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.73, and for the 2nd resistance point, it is at 49.42.

Ratios To Look Out For

It is important to note that Portland General Electric Co [NYSE:POR] has a current ratio of 1.00. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 16.51.

Transactions by insiders

Recent insider trading involved Trpik Joseph R JR, Officer, that happened on Aug 01 ’24 when 2727.0 shares were purchased. SVP, Finance CFO, Trpik Joseph R JR completed a deal on Aug 01 ’24 to sell 2727.0 shares. Meanwhile, EVP, COO Felton Benjamin sold 1886.0 shares on Jul 24 ’24.

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