Are Analysts Expecting A Better 2020 For Public Service Enterprise Group Inc. (PEG)?

Public Service Enterprise Group Inc. (PEG) concluded trading on Wednesday at a closing price of $66.64, with 3.78 million shares of worth about $251.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.85% during that period and on April 3, 2024 the price saw a gain of about 0.33%. Currently the company’s common shares owned by public are about 498.00M shares, out of which, 497.94M shares are available for trading.

However, the stock later moved at a day high price of 65.24, or with a gain of 0.33%. Stock saw a price change of 1.72% in past 5 days and over the past one month there was a price change of 5.18%. Year-to-date (YTD), PEG shares are showing a performance of 8.98% which increased to 6.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $53.71 but also hit the highest price of $67.51 during that period. The average intraday trading volume for Public Service Enterprise Group Inc. shares is 2.95 million. The stock is currently trading 2.72% above its 20-day simple moving average (SMA20), while that difference is up 8.17% for SMA50 and it goes to 8.40% higher than SMA200.

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Public Service Enterprise Group Inc. (NYSE: PEG) currently have 498.00M outstanding shares and institutions hold larger chunk of about 76.09% of that.

The stock has a current market capitalization of $33.23B and its 3Y-monthly beta is at 0.59. PE ratio of stock for trailing 12 months is 13.00, while it has posted earnings per share of $5.13 in the same period. Its PEG reads 2.48 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 1.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PEG, volatility over the week remained 1.32% while standing at 1.50% over the month.

Stock’s fiscal year EPS is expected to rise by 5.47% while it is estimated to increase by 9.38% in next year. EPS is likely to shrink at an annualized rate of 5.25% for next 5-years, compared to annual growth of 12.62% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on January 22, 2024 offering a Neutral rating for the stock and assigned a target price of $61 to it. Coverage by Barclays stated Public Service Enterprise Group Inc. (PEG) stock as an Overweight in their note to investors on August 23, 2023, suggesting a price target of $64 for the stock. Stock get a Neutral rating from Goldman on June 08, 2023.

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