why PG&E Corp [PCG] is a Good Choice for Investors After New Price Target of $23.64

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PG&E Corp [NYSE: PCG] traded at a low on Monday, posting a -0.45 loss after which it closed the day’ session at $19.95.

The results of the trading session contributed to over 8377992 shares changing hands. Over the past one week, the price volatility of PG&E Corp stands at 1.60% while the volatility over the past one month is 1.64%.

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The market cap for PCG stock reached $42.26 billion, with 2.13 billion shares outstanding and 2.09 billion shares in the current float. Compared to the average trading volume of 12.70M shares, PCG reached a trading volume of 8377992 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about PG&E Corp [PCG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCG shares is $23.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCG stock is a recommendation set at 1.74. 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.

Jefferies have made an estimate for PG&E Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on September 12, 2024, representing the official price target for PG&E Corp stock. Previously, the target price had yet another raise from $19 to $22, while JP Morgan kept a Overweight rating on PCG stock.

The Average True Range (ATR) for PG&E Corp is set at 0.34, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 0.73.

How has PCG stock performed recently?

PG&E Corp [PCG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.73. With this latest performance, PCG shares gained by 1.22% in over the last four-week period, additionally plugging by 12.90% over the last 6 months – not to mention a rise of 19.03% 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 PCG stock in for the last two-week period is set at 46.56, with the RSI for the last a single of trading hit 40.36, and the three-weeks RSI is set at 50.21 for PG&E Corp [PCG]. The present Moving Average for the last 50 days of trading for this stock 19.93, while it was recorded at 20.10 for the last single week of trading, and 18.01 for the last 200 days.

PG&E Corp [PCG]: Deeper insight into the fundamentals

PG&E Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 0.90.

Earnings analysis for PG&E Corp [PCG]

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 PCG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PG&E Corp go to 9.30%.

Insider trade positions for PG&E Corp [PCG]

There are presently around $78.31%, or 80.51%% of PCG stock, in the hands of institutional investors. The top three institutional holders of PCG stocks are: VANGUARD GROUP INC with ownership of 283.64 million shares, which is approximately 13.2917%. BLACKROCK INC., holding 176.4 million shares of the stock with an approximate value of $$3.08 billion in PCG stocks shares; and BLACKROCK INC., currently with $$2.94 billion in PCG stock with ownership which is approximately 7.8836%.

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