Analysts’ target price
Analysts have given FirstEnergy (FE) a target price of $41.13—compared to its current market price of $39.52, which reflects an upside potential of 4% for the next 12 months.
Among the 18 analysts tracking FirstEnergy, eight recommended a “buy,” six recommended a “hold,” and four recommended a “strong buy.” Morgan Stanley increased FirstEnergy’s target price from $41.0 to $43.0 on February 12.
Among the 17 analysts tracking Consolidated Edison (ED), 11 recommended a “hold,” five recommended a “sell,” and one recommended a “strong sell.” The median target price of $78.89 for Consolidated Edison implies flattish upside to its current price of $78.57. Morgan Stanley raised Consolidated Edison’s target price from $78.0 to $81.0 on February 12.
Analysts appear to be cautious on Xcel Energy (XEL). Among the 15 analysts tracking the stock, two recommended a “strong buy,” two recommended a “buy,” and 11 recommended a “hold.” The median target price of $51.70 implies an ~6% upside to its current price of $48.60. Morgan Stanley raised Xcel Energy’s target price from $50.0 to $52.0 on February 12.
To learn how top utilities (XLU) fared and where they might go from here, read Utilities’ Weekly Review: How the Defensives Played Out.