Brokerage Firm Rating Update on NiSource Inc (NI)

NiSource Inc (NI) : The consensus on NiSource Inc (NI) based on 8 analyst recommendation on the company stock is 2.63, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on NiSource Inc (NI).

NiSource Inc (NI) : The most positive equity analysts on NiSource Inc (NI) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $25.2 with an expected fluctuation of $2.17 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Credit Suisse, downgrades their rating on the shares of NiSource Inc (NYSE:NI). Credit Suisse has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest report, the brokerage house maintains the price target to $25 per share. The rating by the firm was issued on August 19, 2016.

NiSource Inc (NYSE:NI): stock was range-bound between the intraday low of $24.16 and the intraday high of $24.41 after having opened at $24.36 on Wednesdays session. The stock finally closed in the red at $24.36, a loss of -0.16%. The stock remained in the red for the whole trading day. The total traded volume was 1,799,467 shares. The stock failed to cross $24.41 in Wednesdays trading. The stocks closing price on Thursday was $24.42.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

Comments (0)

Leave a Reply

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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.