BMO Capital Initiates a Buy Rating on Nisource (NI)

Nisource (NI) received a Buy rating and a $32.00 price target from BMO Capital analyst James Thalacker today. The company’s shares closed last Monday at $30.00, close to its 52-week high of $30.67.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nisource with a $31.00 average price target.

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Based on Nisource’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $6.6 million. In comparison, last year the company had a GAAP net loss of $11.7 million.

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NiSource, Inc. is an holding company, which 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.

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