Analysts’ price targets
In this article, we’ll discuss analysts’ views and price targets on relatively cheap utility stocks from a valuation perspective. Many utility stocks (XLU) are offering dull potential upsides for the next 12 months.
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According to analysts’ estimates, FirstEnergy (FE) stock offers a potential upside of ~5% compared to its current market price of $41.61. Analysts have given it a median target price of $43.67.
PPL Corporation (PPL) stock offers a potential upside of just 1% based on analysts’ target price of $32.12. It’s currently trading at $31.74.
Edison International (EIX) stock has a median target price of $69.33 compared to its current price of $61.92. This difference indicates a potential upside of 12% over the next 12 months.
Among these utility stocks, Wall Street analysts seem to be positive on FirstEnergy stock based on its number of “buy” recommendations. Of the 17 analysts covering FE, 13 have given it “buy” recommendations as of April 1. Analysts have “sell” recommendations on only PPL among FE, PPL, and EIX.
To read more about analysts’ price targets and views on top utility stocks, read Southern Company and Duke Energy: Analysts’ Views.