Firstenergy Corp. [FE] stock prices are down -0.41% to $43.61 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FE shares have gain 0.88% over the last week, with a monthly amount glided 1.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Firstenergy Corp. [NYSE: FE] stock has seen the most recent analyst activity on September 20, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $50 for it. Previously, Goldman started tracking the stock with Buy rating on April 10, 2024, and set its price target to $45. On August 23, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $37 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $40 on August 07, 2023. Guggenheim upgraded its rating to a Buy and raised its price target to $46 on January 23, 2023. BofA Securities downgraded its rating to Underperform for this stock on January 23, 2023, and downed its price target to $38. In a note dated May 16, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $52 to $44.
The stock price of Firstenergy Corp. [FE] has been fluctuating between $32.18 and $44.97 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Firstenergy Corp. [NYSE: FE] shares were valued at $43.61 at the most recent close of the market. An investor can expect a potential return of 5.48% based on the average FE price forecast.
Analyzing the FE fundamentals
The Firstenergy Corp. [NYSE:FE] reported sales of 13.20B for trailing twelve months, representing a surge of 9.12%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 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 1.92.
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 43.40 points at the first support level, and at 43.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.85, and for the 2nd resistance point, it is at 44.10.
Ratios To Look Out For
It’s worth pointing out that Firstenergy Corp. [NYSE:FE]’s Current Ratio is 0.51. On the other hand, the Quick Ratio is 0.43, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 28.71.
Transactions by insiders
Recent insider trading involved Walker Christine, Officer, that happened on Sep 12 ’24 when 6000.0 shares were purchased. SVP, CHRO & Corporate Services, Walker Christine completed a deal on Nov 27 ’23 to sell 12500.0 shares.
