In a report released today, Julien Dumoulin Smith from Merrill Lynch maintained a Buy rating on Nisource Inc (NYSE: NI), with a price target of $28. The company’s shares opened today at $24.80.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 4.8% and a 64.0% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Centerpoint Energy, and Dominion Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nisource Inc with a $27.67 average price target, an 11.6% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $27 price target.
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Nisource Inc’s market cap is currently $9B and has a P/E ratio of 32.62. The company has a Price to Book ratio of 1.78.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
