Market Analysts see Sempra [SRE] gaining to $84. Time to buy?

Sempra [NYSE: SRE] stock went on a downward path that fall over 0.00% on Wednesday, amounting to a one-week price increase of more than 0.83%.

Over the last 12 months, SRE stock rose by 14.10%. The one-year Sempra stock forecast points to a potential upside of 6.93. The average equity rating for SRE stock is currently 1.65, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $51.70 billion, with 633.15 million shares outstanding and 632.61 million shares in the current float. Compared to the average trading volume of 2.82M shares, SRE stock reached a trading volume of 2805261 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Sempra [SRE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SRE shares is $87.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SRE stock is a recommendation set at 1.65. 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.

BMO Capital Markets have made an estimate for Sempra shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 11, 2024. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on January 03, 2024, representing the official price target for Sempra stock. Previously, the target price had yet another raise from $78 to $86, while JP Morgan kept a Overweight rating on SRE stock.

The Average True Range (ATR) for Sempra is set at 1.20, with the Price to Sales ratio for SRE stock in the period of the last 12 months amounting to 3.91. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 0.39.

SRE Stock Performance Analysis:

Sempra [SRE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.83. With this latest performance, SRE shares gained by 1.78% in over the last four-week period, additionally plugging by 15.54% over the last 6 months – not to mention a rise of 14.10% 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 SRE stock in for the last two-week period is set at 63.85, with the RSI for the last a single of trading hit 66.75, and the three-weeks RSI is set at 61.93 for Sempra [SRE]. The present Moving Average for the last 50 days of trading for this stock 78.07, while it was recorded at 81.62 for the last single week of trading, and 74.10 for the last 200 days.

Insight into Sempra Fundamentals:

Sempra’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.41 and a Current Ratio set at 0.46.

SRE Stock EPS

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 SRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sempra go to 5.90%.

Sempra [SRE] Institutonal Ownership Details

There are presently around $92.27%, or 92.31%% of SRE stock, in the hands of institutional investors. The top three institutional holders of SRE stocks are: BLACKROCK INC. with ownership of 64.36 million shares, which is approximately 10.1706%. VANGUARD GROUP INC, holding 61.79 million shares of the stock with an approximate value of $$4.7 billion in SRE stocks shares; and VANGUARD GROUP INC, currently with $$4.11 billion in SRE stock with ownership which is approximately 8.5481%.

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