Where Public Service Enterprise Stands With Analysts
Portfolio Pulse from Benzinga Insights
Public Service Enterprise (NYSE:PEG) has received mixed analyst ratings, with a recent shift towards more bullish perspectives. The average 12-month price target is now $65.8, slightly up from $65.75. Analysts from firms like Barclays and RBC Capital have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite facing a revenue decline of -17.01% as of December 31, 2023, PEG's financial health remains strong, with notable net margin, ROE, and ROA figures surpassing industry benchmarks.

March 14, 2024 | 1:00 pm
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Public Service Enterprise has seen a mix of analyst ratings, with a recent positive adjustment in the average 12-month price target to $65.8. Despite a significant revenue decline, the company's financial health indicators like net margin and ROE remain strong.
The slight increase in the average 12-month price target, along with strong financial health indicators such as net margin, ROE, and ROA, suggest a positive outlook for PEG's stock price in the short term. The mix of analyst ratings indicates varied perspectives, but the overall positive adjustments in price targets and the company's robust financial metrics could lead to increased investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100