Stock Analysis:Nisource Inc (NYSE:NI) Stock Target Raised
In analysts note issued to investors and clients by Jefferies & Co on Thursday morning, Nisource Inc (NYSE:NI) had its target PPS hiked to $19.00. The firm right now has a solid “Hold” rating on shares.
From a total of 9 analysts covering Nisource Inc. (NYSE:NI) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 45% of the ratings are positive. Nisource Inc. was the topic of 3 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Credit Suisse downgraded shares on October 13 to “Neutral” rating.
Approximately 514,685 shares of stock traded hands. NiSource Inc. (NYSE:NI) has declined 55.57% since April 30, 2015 and is downtrending. It has underperformed by 55.29% the S&P500.
NiSource Inc. is an energy holding company. The company has a market cap of $6.13 billion. The Company, through its subsidiaries provides natural gas, electricity and other services and products. It has 22.33 P/E ratio. It is also engaged in the distribution of natural gas.
According to Zacks Investment Research, “NiSource Inc. is one of the largest fully-regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource’s more than 7,000 employees are focused on safely delivering reliable and affordable energy to their customers and communities they serve. NiSource has been designated a World’s Most Ethical Company by the Ethisphere Institute since 2012 and is a member of the Dow Jones Sustainability – North America Index.” Get a free copy of the Zacks research report on NiSource Inc. (NI).