For FirstEnergy Corp. [FE], Analyst sees a rise to $37. What next?

FirstEnergy Corp. [NYSE: FE] loss -4.88% on the last trading session, reaching $31.76 price per share at the time. The company report on October 28, 2020 that JCP&L Rate Settlement to Support Continued Investments to Enhance Service Reliability for Customers.

Residential Rates to Remain Lowest Among the State’s Regulated Electric Utilities.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has received approval of a settlement in its base rate case from the New Jersey Board of Public Utilities (BPU) that will help build on service reliability enhancements made by the utility in recent years and allow the company to recover costs incurred to restore power to customers following severe storms.

FirstEnergy Corp. represents 542.00 million in outstanding shares, while the company has a total market value of $17.08 billion with the latest information. FE stock price has been found in the range of $31.55 to $33.06.

If compared to the average trading volume of 5.85M shares, FE reached a trading volume of 7763397 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about FirstEnergy Corp. [FE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FE shares is $38.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FE stock is a recommendation set at 2.40. 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.

RBC Capital Mkts have made an estimate for FirstEnergy Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 03, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for FirstEnergy Corp. stock. On July 22, 2020, analysts decreased their price target for FE shares from 51 to 36.

The Average True Range (ATR) for FirstEnergy Corp. is set at 0.78, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 2.41, with the Price to Cash per share for the same quarter was set at 0.22.

Trading performance analysis for FE stock

FirstEnergy Corp. [FE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.76. With this latest performance, FE shares gained by 11.05% in over the last four-week period, additionally sinking by -23.04% over the last 6 months – not to mention a drop of -33.25% 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 FE stock in for the last two-week period is set at 56.70, with the RSI for the last a single of trading hit 49.26, and the three-weeks RSI is set at 55.19 for FirstEnergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 29.83, while it was recorded at 32.96 for the last single week of trading, and 38.47 for the last 200 days.

FirstEnergy Corp. [FE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and FirstEnergy Corp. [FE] shares currently have an operating margin of +22.75 and a Gross Margin at +31.88. FirstEnergy Corp.’s Net Margin is presently recorded at +8.19.

Return on Total Capital for FE is now 9.20, given the latest momentum, and Return on Invested Capital for the company is 3.52. Return on Equity for this stock inclined to 13.11, with Return on Assets sitting at 2.20. When it comes to the capital structure of this company, FirstEnergy Corp. [FE] has a Total Debt to Total Equity ratio set at 304.96. Additionally, FE Total Debt to Total Capital is recorded at 75.31, with Total Debt to Total Assets ending up at 50.28. Long-Term Debt to Equity for the company is recorded at 284.72, with the Long-Term Debt to Total Capital now at 70.31.

Reflecting on the efficiency of the workforce at the company, FirstEnergy Corp. [FE] managed to generate an average of $73,400 per employee. Receivables Turnover for the company is 7.87 with a Total Asset Turnover recorded at a value of 0.27.FirstEnergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

FirstEnergy Corp. [FE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, FirstEnergy Corp. posted 0.76/share EPS, while the average EPS was predicted by analysts to be reported at 0.73/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.10%. 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 FE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FirstEnergy Corp. go to -2.40%.

An analysis of insider ownership at FirstEnergy Corp. [FE]

There are presently around $14,497 million, or 84.60% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: VANGUARD GROUP INC with ownership of 66,725,523, which is approximately -3.163% of the company’s market cap and around 0.26% of the total institutional ownership; BLACKROCK INC., holding 57,341,455 shares of the stock with an approximate value of $1.82 billion in FE stocks shares; and STATE STREET CORP, currently with $1.25 billion in FE stock with ownership of nearly -1.308% of the company’s market capitalization.

Positions in FirstEnergy Corp. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 299 institutional holders increased their position in FirstEnergy Corp. [NYSE:FE] by around 44,887,015 shares. Additionally, 336 investors decreased positions by around 46,477,156 shares, while 83 investors held positions by with 365,092,172 shares. The mentioned changes placed institutional holdings at 456,456,343 shares, according to the latest SEC report filing. FE stock had 72 new institutional investments in for a total of 8,176,226 shares, while 100 institutional investors sold positions of 7,020,416 shares during the same period.

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