NiSource Inc (NI) : Analyst Rating Update

NiSource Inc (NI) : 2 brokerage houses believe that NiSource Inc (NI) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NiSource Inc (NI). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

NiSource Inc (NI) : The consensus price target for NiSource Inc (NI) is $23.1 for the short term with a standard deviation of $1.14. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $25, however, the pessimist price target for the company is $22.

NiSource Inc (NYSE:NI): The stock opened at $26.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.88 for the day. The stock traded down to $26.50 during the day, due to lack of any buying support eventually closed down at $26.65 with a loss of -0.45% for the day. The stock had closed at $26.77 on the previous day. The total traded volume was 2,987,889 shares.

Also, Evercore ISI Group initiates coverage on NiSource Inc (NYSE:NI) The shares have been rated Hold. The rating by the firm was issued on April 25, 2016. The company shares have rallied 56.18% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $26.94 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $24.80 and the 200 Day Moving Average price is recorded at $22.61.

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.

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