Understanding NiSource through Analyst Price Targets

Price targets

According to Wall Street analysts’ estimates, NiSource (NI) has a one-year median price target of $24.04, as compared to a current market price of $22.70. This amounts to a possible upside of 6% over the next year.

Of the 15 analysts tracking NiSource, nine have recommended it as a “hold,” while three have recommended it as a “strong buy.” Two analysts have recommended it as a “buy,” but one analyst has recommended it as a “sell” as of February 20, 2017.

Understanding NiSource through Analyst Price Targets

Peer price targets

CMS Energy (CMS) has a mean price target of $44.33 for the coming year. This implies an estimated upside of 3%, as compared to its current market price of $43.22.

By comparison, DTE Energy (DTE) has a mean price target of $101.5 for the next year. This implies an estimated upside of 3.4%, as compared to its current market price of $98.12. Xcel Energy (XEL) has an expected upside of nearly 1.5% for the coming year. It has a price target of $42.63, as compared to its current market price of $42 on February 20, 2017.

To find out which utilities might offer attractive upsides in 2017, check out Market Realist’s A Look at S&P 500 Utilities with Attractive Upsides in 2017. You can learn more about how utilities are positioned in 2017 by checking out Market Realist’s series Hawkish Fed or Helpful Weather: What Will Drive Utilities in 2017?