Impact of Brokerage Rating on FirstEnergy Corporation(FE)

Many FirstEnergy Corporation(FE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. FirstEnergy Corp. was Upgraded by Goldman to Neutral on Jan 17, 2017. FirstEnergy Corp. was Downgraded by Wells Fargo to Market Perform on Jan 10, 2017. FirstEnergy Corp. was Downgraded by Deutsche Bank on Dec 20, 2016 to Hold, Lowers Price Target to $ 34 from a previous price target of $38 .FirstEnergy Corp. was Downgraded by Barclays on Dec 2, 2016 to Equal Weight, Lowers Price Target to $ 34 from a previous price target of $38 .

Company has reported several Insider transactions to the SEC, on Dec 21, 2016, Donald R Schneider (President, FE Solutions) sold 6,525 shares at 31.36 per share price.On Dec 21, 2016, Charles D Lasky (SVP, Human Resources) sold 5,149 shares at 31.36 per share price.On Mar 16, 2016, Steven E Strah (Sr VP & President FE Utilities) purchased 560 shares at 35.59 per share price.

FirstEnergy Corp. Last issued its quarterly earnings results on Nov 4, 2016. The company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $0.78.Analysts expectations of $ 4025.28.During the same quarter in the previous year, the company posted $0.98 EPS.

FirstEnergy Corporation (NYSE:FE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.45 by 11 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold.

FirstEnergy Corporation (NYSE:FE): 8 Analyst have given the stock of FirstEnergy Corporation (NYSE:FE) a near short term price target of $35.44. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.53. The higher price target estimate is at $39 while the lower price estimates are fixed at $33.

FirstEnergy Corporation (NYSE:FE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.56% or 0.17 points. After the session commenced at $30.54, the stock reached the higher end at $30.6399 while it hit a low of $30.16. With the volume soaring to 2,566,774 shares, the last trade was called at $30.36. The company has a 52-week high of $36.6. The company has a market cap of $12,939 million and there are 426,201,040 shares in outstanding. The 52-week low of the share price is $29.33.

FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. FirstEnergy companies provide electricity and natural gas services and a wide array of energy-related products and services. FirstEnergys four electric utility companies, Ohio Edison and its Pennsylvania Power subsidiary, The Illuminating Company and Toledo Edison, serve customers in northern and central Ohio and western Pennsylvania. (Company Press Release)


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