KeyBanc analyst Paul Ridzon maintained a Buy rating on Nisource Inc (NYSE: NI) today and set a price target of $27. The company’s shares closed yesterday at $25.05.
According to TipRanks.com, Ridzon is a 4-star analyst with an average return of 10.0% and a 78.7% success rate. Ridzon covers the Utilities sector, focusing on stocks such as American Electric Power, Mdu Resources Group Inc, and NextEra Energy Inc.
Nisource Inc has an analyst consensus of Strong Buy, with a price target consensus of $27.83, implying an 11.1% upside from current levels. In a report issued on September 21, Goldman Sachs also maintained a Buy rating on the stock with a $29 price target.
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Based on Nisource Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.01 billion and net profit of $24.5 million. In comparison, last year the company earned revenue of $917 million and had a net profit of $14 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
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NiSource, Inc. is an holding company engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations, Electric Operations, and Corporate and Other.
