At the time of writing, NiSource Inc [NI] stock is trading at $35.87, up 1.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NI shares have lost -1.81% over the last week, with a monthly amount drifted -3.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Mizuho started tracking the stock with Outperform rating on July 11, 2024, and set its price target to $33. On January 22, 2024, Barclays initiated with a Overweight rating and assigned a price target of $28 on the stock. Ladenburg Thalmann started tracking the stock assigning a Buy rating and suggested a price target of $25 on October 06, 2023. UBS upgraded its rating to a Buy but $31 remained the price target by the analyst firm on June 06, 2023. Credit Suisse upgraded its rating to Outperform for this stock on November 09, 2022, but kept the price target unchanged to $27. In a note dated July 27, 2022, Edward Jones upgraded an Buy rating on this stock.
For the past year, the stock price of NiSource Inc fluctuated between $24.80 and $38.56. Currently, Wall Street analysts expect the stock to reach $37.33 within the next 12 months. NiSource Inc [NYSE: NI] shares were valued at $35.87 at the most recent close of the market. An investor can expect a potential return of 4.07% based on the average NI price forecast.
Analyzing the NI fundamentals
According to NiSource Inc [NYSE:NI], the company’s sales were 5.29B for trailing twelve months, which represents an 4.76% jump. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.18%, 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 0.1 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.63.
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 35.40 points at the first support level, and at 34.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.29, and for the 2nd resistance point, it is at 36.72.
Ratios To Look Out For
It is important to note that NiSource Inc [NYSE:NI] has a current ratio of 0.46. As well, the Quick Ratio is 0.35, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 21.79.
Transactions by insiders
Recent insider trading involved Anderson Shawn, EVP & CFO, that happened on Aug 21 ’24 when 6730.0 shares were sold. EVP, Chief Op & Safety Officer, Jefferson William Jr. completed a deal on Aug 19 ’24 to sell 4364.0 shares. Meanwhile, Officer Anderson Shawn bought 6730.0 shares on Aug 21 ’24.
