For FirstEnergy Corp. [FE], Analyst sees a rise to $42. What next?

FirstEnergy Corp. [NYSE: FE] loss -1.38% on the last trading session, reaching $37.79 price per share at the time. The company report on May 3, 2021 that Ohio Edison Upgrades Power System in Summit and Portage Counties.

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Upgrades will benefit more than 30,000 customers in the greater Macedonia area.

Ohio Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing modernization work in Summit and Portage counties to help prevent power outages and provide more flexibility in restoring power faster. The work includes installation of new, automated equipment and technology in substations and along power lines serving more than 30,000 customers in parts of Macedonia, Twinsburg, Northfield, Streetsboro and nearby areas.

FirstEnergy Corp. represents 543.00 million in outstanding shares, while the company has a total market value of $20.45 billion with the latest information. FE stock price has been found in the range of $37.58 to $38.38.

If compared to the average trading volume of 4.39M shares, FE reached a trading volume of 6824513 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 $38.93 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.

KeyBanc Capital Markets have made an estimate for FirstEnergy Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 21, 2021. The new note on the price target was released on March 09, 2021, representing the official price target for FirstEnergy Corp. stock. Previously, the target price had yet another raise from $31 to $32, while Wells Fargo kept a Underweight rating on FE stock. On December 01, 2020, analysts decreased their price target for FE shares from 40 to 31.

The Average True Range (ATR) for FirstEnergy Corp. is set at 0.60, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.89. The Price to Book ratio for the last quarter was 2.79, with the Price to Cash per share for the same quarter was set at 2.37.

Trading performance analysis for FE stock

FirstEnergy Corp. [FE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.50. With this latest performance, FE shares gained by 8.59% in over the last four-week period, additionally plugging by 27.15% over the last 6 months – not to mention a drop of -8.25% 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 69.99, with the RSI for the last a single of trading hit 70.27, and the three-weeks RSI is set at 68.25 for FirstEnergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 35.05, while it was recorded at 37.83 for the last single week of trading, and 31.30 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 +20.04 and a Gross Margin at +29.73. FirstEnergy Corp.’s Net Margin is presently recorded at +9.30.

Return on Total Capital for FE is now 7.17, given the latest momentum, and Return on Invested Capital for the company is 3.55. Return on Equity for this stock inclined to 14.11, with Return on Assets sitting at 2.31. When it comes to the capital structure of this company, FirstEnergy Corp. [FE] has a Total Debt to Total Equity ratio set at 342.43. Additionally, FE Total Debt to Total Capital is recorded at 77.40, with Total Debt to Total Assets ending up at 55.73. Long-Term Debt to Equity for the company is recorded at 309.44, with the Long-Term Debt to Total Capital now at 69.94.

Reflecting on the efficiency of the workforce at the company, FirstEnergy Corp. [FE] managed to generate an average of $82,531 per employee. Receivables Turnover for the company is 7.90 with a Total Asset Turnover recorded at a value of 0.25.FirstEnergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

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

With the latest financial reports released by the company, FirstEnergy Corp. posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.60%. 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 -1.84%.

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

There are presently around $16,645 million, or 81.20% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: VANGUARD GROUP INC with ownership of 63,728,391, which is approximately -0.634% of the company’s market cap and around 0.10% of the total institutional ownership; STATE STREET CORP, holding 38,231,583 shares of the stock with an approximate value of $1.47 billion in FE stocks shares; and BLACKROCK INC., currently with $1.44 billion in FE stock with ownership of nearly -1.578% of the company’s market capitalization.

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Positions in FirstEnergy Corp. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 310 institutional holders increased their position in FirstEnergy Corp. [NYSE:FE] by around 67,241,436 shares. Additionally, 324 investors decreased positions by around 69,488,840 shares, while 96 investors held positions by with 297,631,461 shares. The mentioned changes placed institutional holdings at 434,361,737 shares, according to the latest SEC report filing. FE stock had 102 new institutional investments in for a total of 19,169,799 shares, while 122 institutional investors sold positions of 28,670,120 shares during the same period.

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