Stock To Watch: NextEra Energy, Inc. (NYSE:NEE)


The leading market experts have placed a mean price target of $139.13 on NextEra Energy, Inc. (NYSE:NEE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.39 a share for the upcoming quarter and $6.20 for the current fiscal.

Technical View

The technical analysis of NextEra Energy, Inc. Common Sto plainly substantiates that the 50-day moving average of NextEra Energy, Inc. Common Sto is $126.47, and stock is trading $-5.21 points away or -4.12% from its 50-day moving average of $126.47. Further it is trading $0.12 or +0.09% away its 200-day moving average of $121.14. NextEra Energy, Inc. (NYSE:NEE) 52-week high is $131.98 and the 52-week low is $93.74.

This explains if the stock moves $-10.72, it will post a 52-week high. In event of +29.36% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of NextEra Energy, Inc. Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, NextEra Energy, Inc. (NYSE:NEE) ratio came in at 21.70.

The stock last ended the trading session at $121.26 and registered a market cap of $56.02B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. NextEra Energy, Inc. (NYSE:NEE) PEG ratio is at 2.72.

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