Stock To Watch: NiSource, Inc (NYSE:NI)


The leading market experts have placed a mean price target of $25.40 on NiSource, Inc (NYSE:NI) 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 $0.34 a share for the upcoming quarter and $1.07 for the current fiscal.

Technical View

The technical analysis of NiSource Inc Common Stock plainly substantiates that the 50-day moving average of NiSource Inc Common Stock is $25.62, and stock is trading $-1.00 points away or -3.88% from its 50-day moving average of $25.62. Further it is trading $0.76 or +3.18% away its 200-day moving average of $23.86. NiSource, Inc (NYSE:NI) 52-week high is $26.94 and the 52-week low is $16.04.

This explains if the stock moves $-2.32, it will post a 52-week high. In event of +53.49% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of NiSource Inc Common Stock, 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, NiSource, Inc (NYSE:NI) ratio came in at 29.95.

The stock last ended the trading session at $24.62 and registered a market cap of $7.93B. 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. NiSource, Inc (NYSE:NI) PEG ratio is at -1.78.

1 Chart Pattern Every Investor Should Know

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