Cracking The Code: Understanding Analyst Reviews For NiSource
Portfolio Pulse from Benzinga Insights
In the last three months, 6 analysts have published ratings on NiSource (NYSE:NI), with all ratings being somewhat bullish. The average 12-month price target has increased by 4.84% to $32.5. Analysts have raised their price targets and maintained positive ratings, indicating a favorable outlook despite recent revenue declines.
August 08, 2024 | 2:00 pm
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Analysts have shown a somewhat bullish sentiment towards NiSource (NYSE:NI) over the past three months, with an average price target increase of 4.84% to $32.5. Despite a recent 13.21% decline in revenue, the company's strong net margin, ROE, and ROA, along with a conservative debt-to-equity ratio, contribute to a positive outlook.
The consistent somewhat bullish ratings from analysts and the increase in the average price target suggest a positive short-term impact on NiSource's stock price. The company's strong financial metrics, such as net margin, ROE, and ROA, further support this outlook despite recent revenue challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100