NiSource Inc [NI] stock prices are up 0.16% to $31.81 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 NI shares have gain 1.53% over the last week, with a monthly amount glided 11.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NiSource Inc [NYSE: NI] stock has seen the most recent analyst activity on July 11, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $33. Previously, Barclays started tracking the stock with Overweight rating on January 22, 2024, and set its price target to $28. On October 06, 2023, Ladenburg Thalmann initiated with a Buy rating and assigned a price target of $25 on the stock. UBS upgraded its rating to a Buy but stick to its price target of $31 on June 06, 2023. Credit Suisse upgraded its rating to a Outperform but $27 remained the price target by the analyst firm on November 09, 2022. Edward Jones upgraded its rating to Buy for this stock on July 27, 2022. In a note dated April 26, 2022, Credit Suisse initiated an Neutral rating and provided a target price of $32 on this stock.
The stock price of NiSource Inc [NI] has been fluctuating between $22.86 and $31.82 over the past year. Currently, Wall Street analysts expect the stock to reach $32.67 within the next 12 months. NiSource Inc [NYSE: NI] shares were valued at $31.81 at the most recent close of the market. An investor can expect a potential return of 2.7% based on the average NI price forecast.
Analyzing the NI fundamentals
The NiSource Inc [NYSE:NI] reported sales of 5.25B for trailing twelve months, representing a drop of -13.21%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.64.
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 31.39 points at the first support level, and at 30.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.31, and for the 2nd resistance point, it is at 32.80.
Ratios To Look Out For
It’s worth pointing out that NiSource Inc [NYSE:NI]’s Current Ratio is 0.66. In addition, the Quick Ratio stands at 0.56 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 20.79.
Transactions by insiders
Recent insider trading involved Berman Melanie B., CHRO & SVP Administration, that happened on May 30 ’24 when 3742.0 shares were sold. VP & Chief Accounting Officer, Gode Gunnar completed a deal on Mar 15 ’24 to sell 950.0 shares. Meanwhile, EVP & Chief Innovation Officer Brown Donald Eugene sold 37490.0 shares on Mar 06 ’24.
