In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on FirstEnergy (NYSE: FE), with a price target of $40. The company’s shares closed yesterday at $36.86.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for FirstEnergy with a $41 average price target, an 11.2% upside from current levels. In a report issued on September 17, Wells Fargo also maintained a Buy rating on the stock with a $42 price target.
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The company has a one-year high of $38.37 and a one-year low of $29.34. Currently, FirstEnergy has an average volume of 3.46M.
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FirstEnergy Corp. engages in the generation, transmission, and distribution of electricity, as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission, and Competitive Energy Services (CES).
