Morgan Stanley analyst Stephen Byrd maintained a Buy rating on FirstEnergy (NYSE: FE) today and set a price target of $36. The company’s shares closed yesterday at $33.32.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.1% and a 49.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Eversource Energy.
FirstEnergy has an analyst consensus of Strong Buy, with a price target consensus of $37.88.
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The company has a one-year high of $35.56 and a one-year low of $28.72. Currently, FirstEnergy has an average volume of 4.68M.
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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).
