A share price of Evergy Inc [EVRG] is currently trading at $60.50, down -1.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EVRG shares have lost -2.84% over the last week, with a monthly amount drifted -5.28%, 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 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.
Evergy Inc experienced fluctuations in its stock price throughout the past year between $48.04 and $65.47. Currently, Wall Street analysts expect the stock to reach $68.5 within the next 12 months. Evergy Inc [NASDAQ: EVRG] shares were valued at $60.50 at the most recent close of the market. An investor can expect a potential return of 13.22% based on the average EVRG price forecast.
Analyzing the EVRG fundamentals
Trailing Twelve Months sales for Evergy Inc [NASDAQ:EVRG] were 5.80B which represents 9.16% growth. Gross Profit Margin for this corporation currently stands at 0.42% 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 0.03, Equity is 0.11 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 0.97.
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 60.09 points at the first support level, and at 59.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.32, and for the 2nd resistance point, it is at 62.13.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Evergy Inc [NASDAQ:EVRG] is 0.55. As well, the Quick Ratio is 0.32, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.40, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 16.34.
Transactions by insiders
Recent insider trading involved KING CHARLES L, SVP & CHIEF TECHNOLOGY OFFICER, that happened on Nov 27 ’24 when 2300.0 shares were sold. Officer, Charles Lynn King completed a deal on Nov 27 ’24 to buy 2300.0 shares. Meanwhile, EVP – CORPORATE INITIATIVES Bryant Kevin E. sold 48141.0 shares on Nov 13 ’24.
