FirstEnergy Corporation (FE) : Analyst Rating Update

FirstEnergy Corporation (FE) : 11 analysts are covering FirstEnergy Corporation (FE) and their average rating on the stock is 2.45, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

FirstEnergy Corporation (FE) : The consensus price target for FirstEnergy Corporation (FE) is $35.75 for the short term with a standard deviation of $1.91. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $33.

FirstEnergy Corporation (NYSE:FE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.17 and $34.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.62, notching a gain of 1.25% for the day. The total traded volume was 3,982,635 . The stock had closed at $35.18 on the previous day.

Also, In the latest statement by the brokerage house, Barclays maintains its outlook on FirstEnergy Corporation (NYSE:FE). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm raises the price target from $33 per share to $36 per share. The rating by the firm was issued on May 9, 2016. The company shares have rallied 4.11% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $36.54 and the one year low was seen on Nov 9, 2015. The 50-Day Moving Average price is $33.40 and the 200 Day Moving Average price is recorded at $33.67.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *