NiSource Inc [NI] stock prices are up 1.15% to $36.86 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NI shares have gain 1.80% over the last week, with a monthly amount drifted -2.25%, 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.
The stock price of NiSource Inc [NI] has been fluctuating between $24.80 and $38.56 over the past year. Currently, Wall Street analysts expect the stock to reach $37.33 within the next 12 months. NiSource Inc [NYSE: NI] shares were valued at $36.86 at the most recent close of the market. An investor can expect a potential return of 1.28% based on the average NI price forecast.
Analyzing the NI fundamentals
The NiSource Inc [NYSE:NI] reported sales of 5.29B for trailing twelve months, representing a surge of 4.76%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.63.
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 36.49 points at the first support level, and at 36.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.04, and for the 2nd resistance point, it is at 37.23.
Ratios To Look Out For
It’s worth pointing out that NiSource Inc [NYSE:NI]’s Current Ratio is 0.46. On the other hand, the Quick Ratio is 0.35, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 3.29, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 22.40.
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.
