Public Service Enterprise Group Inc. [NYSE: PEG] surged by $1.77 during the normal trading session on while it closed the day at $79.77.
Public Service Enterprise Group Inc. stock has also gained 5.03% of its value over the past 7 days. However, PEG stock has inclined by 15.47% in the 3 months of the year. Over the past six months meanwhile, it has gained 36.94% and gained 30.45% year-on date.
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The market cap for PEG stock reached $39.73 billion, with 498.00 million shares outstanding and 497.43 million shares in the current float. Compared to the average trading volume of 2.76M shares, PEG reached a trading volume of 6495729 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 Public Service Enterprise Group Inc. [PEG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PEG shares is $78.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PEG stock is a recommendation set at 2.30. 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.
Guggenheim have made an estimate for Public Service Enterprise Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 17, 2024. The new note on the price target was released on January 22, 2024, representing the official price target for Public Service Enterprise Group Inc. stock. Previously, the target price had yet another raise to $64, while Barclays analysts kept a Overweight rating on PEG stock. On August 14, 2023, analysts decreased their price target for PEG shares from 70 to 66.
The Average True Range (ATR) for Public Service Enterprise Group Inc. is set at 1.55, with the Price to Sales ratio for PEG stock in the period of the last 12 months amounting to 4.04. The Price to Book ratio for the last quarter was 2.51, with the Price to Cash per share for the same quarter was set at 0.25.
PEG stock trade performance evaluation
Public Service Enterprise Group Inc. [PEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.03. With this latest performance, PEG shares gained by 8.34% in over the last four-week period, additionally plugging by 36.94% over the last 6 months – not to mention a rise of 26.38% 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 PEG stock in for the last two-week period is set at 69.42, with the RSI for the last a single of trading hit 74.01, and the three-weeks RSI is set at 66.60 for Public Service Enterprise Group Inc. [PEG]. The present Moving Average for the last 50 days of trading for this stock 74.55, while it was recorded at 76.99 for the last single week of trading, and 66.12 for the last 200 days.
Public Service Enterprise Group Inc. [PEG]: An insightful look at the core fundamentals
Public Service Enterprise Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.65.
Earnings per share (EPS) analysis for Public Service Enterprise Group Inc. [PEG] stock
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 PEG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Public Service Enterprise Group Inc. go to 5.60%.
Public Service Enterprise Group Inc. [PEG]: Institutional Ownership
The top three institutional holders of PEG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PEG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PEG stock with ownership which is approximately 5.1238%.
