Evergy Inc (EVRG) stock forecast: Can it reach its 52-week high of $64.07

Evergy Inc [EVRG] stock prices are down -0.47% to $63.38 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 EVRG shares have gain 3.82% over the last week, with a monthly amount glided 5.04%, and 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 October 29, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $67. Previously, Jefferies started tracking the stock with Buy rating on September 20, 2024, and set its price target to $70. On April 04, 2024, Ladenburg Thalmann initiated with a Neutral rating and assigned a price target of $51 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $64 on March 26, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $57 on March 13, 2024. Guggenheim downgraded its rating to Neutral for this stock on January 22, 2024, but kept the price target unchanged to $52. In a note dated January 09, 2024, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $54 to $60.

The stock price of Evergy Inc [EVRG] has been fluctuating between $47.97 and $64.07 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 $63.38 at the most recent close of the market. An investor can expect a potential return of 1.37% based on the average EVRG price forecast.

Analyzing the EVRG fundamentals

The Evergy Inc [NASDAQ:EVRG] reported sales of 5.80B for trailing twelve months, representing a surge of 9.16%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 1.02, Equity is 0.11 and Total Capital is -5.84. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.97.

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 62.85 points at the first support level, and at 62.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.91, and for the 2nd resistance point, it is at 64.43.

Ratios To Look Out For

It’s worth pointing out that Evergy Inc [NASDAQ:EVRG]’s Current Ratio is 0.55. In addition, the Quick Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 2.51, the price to book ratio is 1.45 and price to earnings (TTM) ratio is 17.12.

Transactions by insiders

Recent insider trading involved Kevin E. Bryant, Officer, that happened on Nov 13 ’24 when 48141.0 shares were purchased. SVP – PA & CHIEF CO, Caisley Charles A. completed a deal on Sep 03 ’24 to sell 9236.0 shares. Meanwhile, Officer Caisley Charles A. bought 9236.0 shares on Sep 03 ’24.

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