Eversource Energy [NYSE: ES] closed the trading session at $64.85.
The stocks have a year to date performance of 5.07 percent and weekly performance of 0.00 percent. The stock has been moved at 13.65 percent over the last six months. The stock has performed 5.36 percent around the most recent 30 days and changed 7.14 percent over the most recent 3-months.
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If compared to the average trading volume of 2.13M shares, ES reached to a volume of 3628279 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 Eversource Energy [ES]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ES shares is $69.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ES stock is a recommendation set at 2.19. 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.
BofA Securities have made an estimate for Eversource Energy shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 25, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 10, 2024, representing the official price target for Eversource Energy stock. Previously, the target price had yet another raise from $62 to $67, while UBS kept a Buy rating on ES stock. On February 15, 2024, analysts increased their price target for ES shares from 54 to 62.
The Average True Range (ATR) for Eversource Energy is set at 1.39, with the Price to Sales ratio for ES stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 0.09.
ES stock trade performance evaluation
Eversource Energy [ES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, ES shares gained by 5.36% in over the last four-week period, additionally plugging by 13.65% over the last 6 months – not to mention a rise of 0.92% 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 ES stock in for the last two-week period is set at 56.36, with the RSI for the last a single of trading hit 52.28, and the three-weeks RSI is set at 57.63 for Eversource Energy [ES]. The present Moving Average for the last 50 days of trading for this stock 60.85, while it was recorded at 65.37 for the last single week of trading, and 59.12 for the last 200 days.
Eversource Energy [ES]: An insightful look at the core fundamentals
Eversource Energy’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 0.75.
Earnings per share (EPS) analysis for Eversource Energy [ES] stock
With the latest financial reports released by the company, Eversource Energy posted 0.97/share EPS, while the average EPS was predicted by analysts to be reported at 0.98/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 ES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eversource Energy go to 4.20%.
Eversource Energy [ES]: Institutional Ownership
The top three institutional holders of ES 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 ES stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ES stock with ownership which is approximately 5.1238%.
