Decoding 4 Analyst Evaluations For Public Service Enterprise
Portfolio Pulse from Benzinga Insights
Public Service Enterprise (NYSE:PEG) received mixed analyst ratings over the past quarter, with recent evaluations showing a shift towards a more cautious stance. The average 12-month price target was adjusted to $64.75, down from $65.33, reflecting a slight decline in optimism. Analysts from BMO Capital, Guggenheim, Barclays, and JP Morgan have updated their ratings and price targets, indicating varied expectations for the company's performance. Public Service Enterprise, a holding company for regulated utilities and clean energy projects, reported an 8.1% revenue growth for the quarter ending September 30, 2023, but faces challenges in profitability and asset utilization.
February 27, 2024 | 4:00 pm
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Public Service Enterprise has received mixed analyst ratings, with a slight decrease in the average price target to $64.75. The company reported strong revenue growth but faces challenges in profitability and asset utilization.
The mixed analyst ratings and slight decrease in the average price target suggest a cautious outlook for PEG in the short term. While the company's strong revenue growth is a positive sign, concerns about profitability and asset utilization may temper investor enthusiasm. The detailed analysis from multiple analysts, along with the company's financial indicators, provides a comprehensive view of its current market position and potential challenges ahead.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100