uploads///FE anr

Analysts Expect Decent Upside for FirstEnergy

By

Dec. 4 2020, Updated 10:50 a.m. ET

Analyst recommendations and price targets

According to analyst consensus, hybrid utility FirstEnergy (FE) has a price target of $33.72 against its current market price of $30.45. This target implies an estimated upside of 11%, one of the highest currently among the stocks in the S&P 500 Utilities Index (XLU).

The chart below shows how analysts’ views on FirstEnergy have changed since the beginning of 2017.

Peer Exelon (EXC) has a price target of $39.26 against its current market price of $37.39, which indicates a potential gain of 5%.

Entergy (ETR) has an estimated gain of nearly 4% against its current market price of $75.90. It has a price target of $78.88.

Article continues below advertisement

Outlook

Though FirstEnergy stock currently looks to be trading at a discount, its earnings volatility might make it less attractive for utility investors. Its strategy of becoming a pure-play regulated utility might bode well for it and its investors in the long term.

You can learn about top utilities in the sector in Market Realist’s series The Best Utility Stock out There: NEE, DUK, or SO?

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.