Analysts’ target prices
Analysts have given FirstEnergy (FE) a consensus target price of $44.2 compared to its current market price of $40.2, which suggests a potential upside of 9.8% over the next 12 months.
Among the 17 analysts tracking FirstEnergy, nine have given it “buy” recommendations, four have given it “holds,” and four have given it “strong buys.” Morgan Stanley increased FirstEnergy’s target price from $44.0 to $46.0 on April 18. JPMorgan Chase raised FE’s target price from $41.0 to $42.0 on April 15.
Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
The company’s improved business mix will likely bode well for its earnings in the long term. Analysts’ estimated upside and its premium dividend yield make it an attractive pick among utilities (XLU). Its stock looks fairly valued compared to its peers, but its flattish earnings growth next year could shun investors.
Peers’ price targets
Xcel Energy (XEL) stock has a median target price of $55.9 compared to its current market price of $54.8. This difference indicates a potential upside of 2% for the stock over the next 12 months.
PPL Corporation (PPL) stock offers a potential upside of more than 3% over the next 12 months. Analysts have given it a median target price of $32.1. It’s currently trading at $31.1.