NiSource (NYSE:NI – Get Rating) updated its FY 2023 earnings guidance on Monday. The company provided earnings per share guidance of $1.50-$1.57 for the period, compared to the consensus earnings per share estimate of $1.55. The company issued revenue guidance of -. NiSource also updated its FY 2022 guidance to $1.44-$1.46 EPS.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Guggenheim lowered their price objective on NiSource from $32.00 to $27.00 in a research report on Monday, October 24th. Credit Suisse Group raised NiSource from a neutral rating to an outperform rating and set a $27.00 price objective for the company in a report on Wednesday, November 9th. BMO Capital Markets lifted their target price on shares of NiSource from $32.00 to $34.00 and gave the company an outperform rating in a research report on Thursday, August 4th. Wells Fargo & Company decreased their price target on shares of NiSource from $31.00 to $28.00 and set an overweight rating on the stock in a report on Tuesday, November 8th. Finally, Edward Jones raised shares of NiSource from a hold rating to a buy rating in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $29.43.
NiSource Price Performance
NI stock opened at $27.18 on Thursday. The firm has a market cap of $11.04 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.71 and a beta of 0.45. The firm’s fifty day moving average is $26.00 and its 200 day moving average is $28.49. NiSource has a 52 week low of $23.78 and a 52 week high of $32.58. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.37 and a current ratio of 0.57.
Institutional Inflows and Outflows
NiSource, Inc is a 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 and Electric Operations. The Gas Distribution Operations segment focuses on natural gas service and transportation for residential, commercial, and industrial customers.
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