Analysts’ price targets
According to Wall Street analysts, FirstEnergy (FE) stock has a mean target price of $37.50. Its current market price is $36.50. That indicates a potential upside of 2.7% over the next 12 months.
Among the 16 analysts tracking FirstEnergy, five have recommended a “hold,” four have recommended a “strong buy,” and seven have recommended a “buy” for the stock. There were no “sell” recommendations as of June 28.
The chart above shows how analysts turned positive on FirstEnergy from being cautious at the beginning of the year.
Peers’ price targets
Exelon (EXC) stock has a mean price target of $43.60, which indicates an estimated upside of 3.4% over the next year. The stock is currently trading at $42.20.
Public Service Enterprise Group (PEG) is presently offering an estimated upside of 2.7% for the next 12 months. Wall Street analysts have given it a mean price target of $55.50 against its current market price of $54.10.
Entergy (ETR) offers a potential upside of 3.8% in a year with its mean price target of $84.80. It’s currently trading at $81.70.
You can learn about utilities’ (XLU) chart indicators and where they might go in Utilities: Analyzing the Leaders and Laggards Last Week