What Analysts Are Saying About WEC Energy Group Stock
Portfolio Pulse from Benzinga Insights
WEC Energy Group (NYSE:WEC) has received mixed analyst ratings over the past three months, with a shift towards a more bearish outlook. The average 12-month price target was lowered by 3.35% to $86.6. Analysts from firms like RBC Capital, Wells Fargo, and JP Morgan have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. WEC Energy Group's financial performance shows a decline in revenue growth by -2.28% for the quarter ending September 30, 2023, but it maintains strong profitability metrics such as a net margin of 16.14% and an ROE of 2.7%.
February 08, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
WEC Energy Group has seen a mix of analyst ratings with a recent bearish shift, and a decrease in the average price target by 3.35% to $86.6. Despite a slight revenue decline, the company's profitability and financial health remain strong.
The mixed analyst ratings with a recent bearish shift and a decrease in the average price target suggest uncertainty in the short term stock performance. However, WEC's strong profitability and financial health metrics, such as high net margin and ROE, indicate underlying strength. The slight revenue decline is a concern but is mitigated by the company's performance relative to the sector.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100