The trading price of NiSource Inc (NYSE:NI) floating lower at last check on current market day and closing at $39.62, -0.36% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 24.48. In examining the 52-week price action we see that the stock hit a 52-week high of $41.44 and a 52-week low of $26.04. Over the past month, the stock has gained 5.44% in value.
NiSource Inc, whose market valuation is $18.62 billion at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 2.01%, while its Forward Dividend ratio is 0.80. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.92 per share this quarter, however they have predicted annual earnings per share of 1.87 for current year and 2.01 for next year.
Analysts have forecast the company to bring in revenue of 2.12B for the current quarter, with the likely lows of 2.12B and highs of 2.12B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 6.29B.
On the technical side, indicators suggest NI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NI a recommendation rating is 9. Out of them, 1 rate it a Hold, while 7 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged NiSource Inc (NI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.29, which symbolizes a positive outlook. A quick review shows that NI’s price is currently 0.30% off the SMA20 and 4.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.71, and weekly volatility stands at 2.10%. When measured over the past 30 days, the indicator reaches 1.83%. NiSource Inc (NYSE:NI)’s beta value is currently sitting at 0.49, while the Average True Range indicator is currently displaying 0.73. With analysts defining $36-$41 as the low and high price targets, we arrive at a consensus price target of $38 for the trailing 12-month period. The current price is about 9.14% off the estimated low and -3.48% off the forecast high, based on this estimate. Investors will be thrilled if NI’s share price rises to $38, which is the median consensus price. At that level, NI’s share price would be 4.09% above current price.
To see how NiSource Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: NI stock’s performance was -0.36% at last check in today’s session, and 51.65% in the past year. NiSource Inc has a P/E ratio of 24.48, compared to ONEOK Inc.’s 17.93 and Atmos Energy Corp.’s 21.19.
An evaluation of the daily trading volume of NiSource Inc (NYSE:NI) indicates that the 3-month average is 3.93 million.
Currently, records show that 469.82 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 96.33%. However, since the stock’s price has seen 7.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
