Eversource Energy [ES] stock is trading at $58.12, up 2.67%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ES shares have gain 2.47% over the last week, with a monthly amount drifted -2.35%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Eversource Energy [NYSE: ES] stock has seen the most recent analyst activity on December 12, 2024, when Scotiabank downgraded its rating to a Sector Underperform and also revised its price target to $56 from $66. Previously, Jefferies started tracking the stock with Underperform rating on December 03, 2024, and set its price target to $52. On June 25, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $61 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $73 on April 10, 2024. UBS upgraded its rating to a Buy and raised its price target to $67 on April 04, 2024. Mizuho upgraded its rating to Buy for this stock on February 15, 2024, and upped its price target to $62. In a note dated January 22, 2024, Guggenheim upgraded an Buy rating on this stock but restated the target price of $72.
Eversource Energy [ES] stock has fluctuated between $52.09 and $69.01 over the past year. Currently, Wall Street analysts expect the stock to reach $72 within the next 12 months. Eversource Energy [NYSE: ES] shares were valued at $58.12 at the most recent close of the market. An investor can expect a potential return of 23.88% based on the average ES price forecast.
Analyzing the ES fundamentals
Eversource Energy [NYSE:ES] reported sales of 11.62B for the trailing twelve months, which represents a growth of 9.73%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 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 1.9.
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 56.99 points at the first support level, and at 55.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.71, and for the 2nd resistance point, it is at 59.29.
Ratios To Look Out For
For context, Eversource Energy’s Current Ratio is 0.86. In addition, the Quick Ratio stands at 0.76 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 1.41.
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.
