Friday, November 27, 2020

Jefferies lifts NiSource Inc. [NI] price estimate. Who else is bullish?

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NiSource Inc. [NYSE: NI] surged by $0.03 during the normal trading session on Tuesday and reaching a high of $23.13 during the day while it closed the day at $23.11. The company report on October 12, 2020 that NiSource Announces Earnings Release and Conference Call for Nov. 2.

NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11:00 a.m. ET (10:00 a.m. CT) on November 2, 2020, to review its third quarter 2020 financial results, and to provide a general business update.


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NiSource will release its third quarter 2020 earnings before U.S. financial markets open on November 2.

NiSource Inc. stock has also gained 3.12% of its value over the past 7 days. However, NI stock has declined by -2.57% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.19% and lost -16.99% year-on date.

The market cap for NI stock reached $8.80 billion, with 383.50 million shares outstanding and 381.62 million shares in the current float. Compared to the average trading volume of 3.14M shares, NI reached a trading volume of 3342096 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NiSource Inc. [NI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NI shares is $25.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for NiSource Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 23, 2020. The new note on the price target was released on April 30, 2020, representing the official price target for NiSource Inc. stock. Previously, the target price had yet another raise to $28, while Jefferies analysts kept a Hold rating on NI stock.

The Average True Range (ATR) for NiSource Inc. is set at 0.54, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 0.37. Price to Free Cash Flow for NI in the course of the last twelve months was 9.46 with Quick ratio for the last quarter at 0.80.

NI stock trade performance evaluation

NiSource Inc. [NI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.12. With this latest performance, NI shares gained by 3.26% in over the last four-week period, additionally sinking by -9.19% over the last 6 months – not to mention a drop of -19.03% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NI stock in for the last two-week period is set at 59.25, with the RSI for the last a single of trading hit 68.85, and the three-weeks RSI is set at 56.09 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 22.72, while it was recorded at 22.62 for the last single week of trading, and 24.88 for the last 200 days.

NiSource Inc. [NI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NiSource Inc. [NI] shares currently have an operating margin of +25.06 and a Gross Margin at +56.76. NiSource Inc.’s Net Margin is presently recorded at +7.35.

Return on Total Capital for NI is now 8.54, given the latest momentum, and Return on Invested Capital for the company is 2.86. Return on Equity for this stock inclined to 6.53, with Return on Assets sitting at 1.62. When it comes to the capital structure of this company, NiSource Inc. [NI] has a Total Debt to Total Equity ratio set at 162.15. Additionally, NI Total Debt to Total Capital is recorded at 61.85, with Total Debt to Total Assets ending up at 40.33. Long-Term Debt to Equity for the company is recorded at 154.85, with the Long-Term Debt to Total Capital now at 50.39.

Reflecting on the efficiency of the workforce at the company, NiSource Inc. [NI] managed to generate an average of $45,809 per employee. Receivables Turnover for the company is 5.08 with a Total Asset Turnover recorded at a value of 0.22.NiSource Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for NiSource Inc. [NI] stock

With the latest financial reports released by the company, NiSource Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NiSource Inc. go to 1.81%.

NiSource Inc. [NI]: Insider Ownership positions

There are presently around $8,187 million, or 94.80% of NI stock, in the hands of institutional investors. The top three institutional holders of NI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 69,053,904, which is approximately 20.198% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 45,321,865 shares of the stock with an approximate value of $1.05 billion in NI stocks shares; and BLACKROCK INC., currently with $787.23 million in NI stock with ownership of nearly 0.279% of the company’s market capitalization.

Positions in NiSource Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 212 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 42,819,793 shares. Additionally, 225 investors decreased positions by around 32,732,535 shares, while 85 investors held positions by with 278,717,648 shares. The mentioned changes placed institutional holdings at 354,269,976 shares, according to the latest SEC report filing. NI stock had 57 new institutional investments in for a total of 14,073,920 shares, while 68 institutional investors sold positions of 3,211,515 shares during the same period.

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