Merrill Lynch analyst Julien Dumoulin Smith maintained a Buy rating on Nisource Inc (NYSE: NI) on May 2 and set a price target of $28. The company’s shares closed on Friday at $25.41.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 5.2% and a 63.9% success rate. Smith covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, El Paso Electric Company, and Nextera Energy Partners.
Currently, the analyst consensus on Nisource Inc is Strong Buy and the average price target is $27.20, representing a 7.0% upside.
In a report issued on April 18, KeyBanc also maintained a Buy rating on the stock with a $26 price target.
Find more picks by Best Performing Analysts >>
Nisource Inc’s market cap is currently $8.58B and has a P/E ratio of 46.20. The company has a Price to Book ratio of 1.90.
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.
