What is the best trade option for Evergy Inc (EVRG) stock?

Evergy Inc [EVRG] stock prices are down -0.61% to $60.78 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EVRG shares have gain 2.91% over the last week, with a monthly amount drifted -1.25%, and not 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 September 20, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $70. Previously, Ladenburg Thalmann started tracking the stock with Neutral rating on April 04, 2024, and set its price target to $51. On March 26, 2024, Citigroup initiated with a Buy rating and assigned a price target of $64 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $57 on March 13, 2024. Guggenheim downgraded its rating to a Neutral but $52 remained the price target by the analyst firm on January 22, 2024. Wells Fargo upgraded its rating to Overweight for this stock on January 09, 2024, and upped its price target to $60. In a note dated January 02, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $53 to $56.

The stock price of Evergy Inc [EVRG] has been fluctuating between $47.46 and $62.58 over the past year. Currently, Wall Street analysts expect the stock to reach $64.25 within the next 12 months. Evergy Inc [NASDAQ: EVRG] shares were valued at $60.78 at the most recent close of the market. An investor can expect a potential return of 5.71% based on the average EVRG price forecast.

Analyzing the EVRG fundamentals

The Evergy Inc [NASDAQ:EVRG] reported sales of 5.65B for trailing twelve months, representing a surge of 7.18%. Gross Profit Margin for this corporation currently stands at 0.4% 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 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.45.

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 60.55 points at the first support level, and at 60.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.14, and for the 2nd resistance point, it is at 61.49.

Ratios To Look Out For

It’s worth pointing out that Evergy Inc [NASDAQ:EVRG]’s Current Ratio is 0.59. Also, the Quick Ratio is 0.35, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 18.93.

Transactions by insiders

Recent insider trading involved Caisley Charles A., SVP – PA & CHIEF CO, that happened on Sep 03 ’24 when 9236.0 shares were sold. Officer, Caisley Charles A. completed a deal on Sep 03 ’24 to buy 9236.0 shares. Meanwhile, SVP – GEN COUNSEL, CORP SEC Humphrey Heather A sold 3347.0 shares on Aug 27 ’24.

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