Eversource Energy [ES] stock prices are saw in change for the day to $66.13 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ES shares have gain 3.30% over the last week, with a monthly amount drifted -1.50%, 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.
The stock price of Eversource Energy [ES] has been fluctuating between $52.03 and $69.01 over the past year. Currently, Wall Street analysts expect the stock to reach $79.82 within the next 12 months. Eversource Energy [NYSE: ES] shares were valued at $66.13 at the most recent close of the market. An investor can expect a potential return of 20.7% based on the average ES price forecast.
Analyzing the ES fundamentals
The Eversource Energy [NYSE:ES] reported sales of 11.35B for trailing twelve months, representing a drop of -3.64%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.95.
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 65.82 points at the first support level, and at 65.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.47, and for the 2nd resistance point, it is at 66.80.
Ratios To Look Out For
It’s worth pointing out that Eversource Energy [NYSE:ES]’s Current Ratio is 0.75. On the other hand, the Quick Ratio is 0.66, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 1.58.
Transactions by insiders
Recent insider trading involved Carmody Christine M, Officer, that happened on Sep 26 ’24 when 29467.0 shares were purchased. Trustee, NOVA DANIEL J completed a deal on Feb 23 ’24 to buy 125.0 shares. Meanwhile, Trustee NOVA DANIEL J bought 125.0 shares on Mar 26 ’24.
