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Analyzing FirstEnergy Compared to Its Hybrid Utility Peers

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Part 4
Analyzing FirstEnergy Compared to Its Hybrid Utility Peers PART 4 OF 4

Analysts’ Views on FirstEnergy and Its Price Targets

Analysts’ estimates

Hybrid utility FirstEnergy (FE) is one of the underperformers of the S&P 500 Utilities. The stock has lost more than 12% in the last year. In comparison, the Utilities Select Sector SPDR ETF (XLU) managed to gain 8%, while broader markets (SPX-INDEX) rose 16%.

Wall Street analysts expect FirstEnergy to rise 9% in the next year. According to analysts’ estimates, it has an estimated price target of $34.47—compared to its current price of $31.61.

Analysts’ Views on FirstEnergy and Its Price Targets

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As of March 29, 2017, among the 20 analysts tracking FirstEnergy, 11 recommended it as a “hold,” five recommended it as a “buy,” and two recommended it as a “strong buy.” Two analysts recommend it as a “strong sell.”

Peer Exelon (EXC) has a price target of $38.75—compared to its current market price of $35.96. The target implies an estimated upside of nearly 8% over the next year.

Read Can Exelon Stock Keep the Lights on in 2017? to learn more.

Read Hawkish Fed or Helpful Weather: What Will Drive Utilities in 2017? for more on how utilities (XLU) seem to be positioned in 2017.

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