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Analysts’ Top 5 Favorite S&P 500 Utilities Stocks

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Part 10
Analysts’ Top 5 Favorite S&P 500 Utilities Stocks PART 10 OF 11

Analysts’ Views and Price Target for Public Service Enterprise

Public Service Enterprise Group

According to analysts’ consensus, Public Service Enterprise Group (PEG) has a price target of $48.70 against its current market price of $46.99. That shows an estimated rise of 3.6% going forward.

Among the 16 analysts tracking Public Service Enterprise Group, seven have rated PEG stock a “buy,” and two have rated it a “strong buy.” Seven analysts have recommended a “hold,” and none of them have rated PEG stock a “sell” as of October 5, 2017.

Analysts’ Views and Price Target for Public Service Enterprise

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Peer price targets

PPL (PPL) has a mean price target of $39.92 against its current market price of $37.65. That implies a rise of 6.0% going forward.

Xcel Energy (XEL) has a mean price target of $47.64 and a current market price of $47.77. That implies a flat to negative movement for the stock going forward.

Valuation

Public Service Enterprise Group (PEG) stock is currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation multiple of 11.0x and a five-year historical average valuation near 8.0x. Considering PEG’s historical average, it appears to be trading at a large premium, but it seems to be trading cheap compared to its peers.

Public Service Enterprise Group seems to be a better utility financially than its competitive utility peers. You can compare these utilities in Market Realist’s series Where to Look for Opportunities in Competitive Utility Sector.

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