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

NiSource Inc. [NYSE: NI] gained 0.85% on the last trading session, reaching $27.32 price per share at the time. The company report on December 19, 2022 that NiSource Named to Dow Jones Sustainability Index for Ninth Consecutive Year.

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NiSource was named to the Dow Jones Sustainability Index (DJSI) – North America for the ninth consecutive year, in recognition of the company’s leadership in sustainable business practices.

NiSource is one of only seven U.S. utility companies on the 2022 list and ranked in the 93rd percentile of DJSI North America. The index is made up of sustainability leaders identified through a rigorous assessment of their environmental, social and governance (ESG) performance.

NiSource Inc. represents 406.50 million in outstanding shares, while the company has a total market value of $10.94 billion with the latest information. NI stock price has been found in the range of $26.86 to $31.29.

If compared to the average trading volume of 4.43M shares, NI reached a trading volume of 3561705 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 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 $30.09 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 1.80. 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.

Credit Suisse have made an estimate for NiSource Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 09, 2022. The new note on the price target was released on July 27, 2022, representing the official price target for NiSource Inc. stock. Previously, the target price had yet another raise to $32, while Credit Suisse analysts kept a Neutral rating on NI stock. On February 15, 2022, analysts increased their price target for NI shares from 29 to 31.

The Average True Range (ATR) for NiSource Inc. is set at 0.81, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 1.97. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 0.09. Price to Free Cash Flow for NI in the course of the last twelve months was 13.56 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for NI stock

NiSource Inc. [NI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.09. With this latest performance, NI shares dropped by -0.83% in over the last four-week period, additionally sinking by -5.89% over the last 6 months – not to mention a drop of -0.76% 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 49.11, with the RSI for the last a single of trading hit 48.10, and the three-weeks RSI is set at 50.07 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 27.26, while it was recorded at 27.10 for the last single week of trading, and 28.51 for the last 200 days.

NiSource Inc. [NI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and NiSource Inc. [NI] shares currently have an operating margin of +20.71 and a Gross Margin at +56.31. NiSource Inc.’s Net Margin is presently recorded at +11.94.

Return on Equity for this stock inclined to 9.21, with Return on Assets sitting at 2.41.

NiSource Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.60.

NiSource Inc. [NI]: An earnings per share (EPS) analysis

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 6.36%.

An analysis of insider ownership at NiSource Inc. [NI]

There are presently around $10,330 million, or 94.60% of NI stock, in the hands of institutional investors. The top three institutional holders of NI stocks are: VANGUARD GROUP INC with ownership of 52,224,392, which is approximately -2.725% of the company’s market cap and around 0.38% of the total institutional ownership; BLACKROCK INC., holding 41,079,529 shares of the stock with an approximate value of $1.12 billion in NI stocks shares; and STATE STREET CORP, currently with $621.06 million in NI stock with ownership of nearly -12.925% of the company’s market capitalization.

Positions in NiSource Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 276 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 25,266,001 shares. Additionally, 229 investors decreased positions by around 44,472,573 shares, while 100 investors held positions by with 308,377,127 shares. The mentioned changes placed institutional holdings at 378,115,701 shares, according to the latest SEC report filing. NI stock had 69 new institutional investments in for a total of 7,606,193 shares, while 55 institutional investors sold positions of 1,628,742 shares during the same period.

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