NiSource Inc [NYSE: NI] stock went on a downward path that fall over -3.65% on Monday, amounting to a one-week price decrease of less than -4.54%.
Over the last 12 months, NI stock rose by 44.48%. The one-year NiSource Inc stock forecast points to a potential upside of 8.66. The average equity rating for NI stock is currently 1.65, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $16.98 billion, with 466.71 million shares outstanding and 465.70 million shares in the current float. Compared to the average trading volume of 3.68M shares, NI stock reached a trading volume of 8554179 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $39.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NI 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.
BofA Securities have made an estimate for NiSource Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price to Outperform. The new note on the price target was released on July 11, 2024, representing the official price target for NiSource Inc stock. Previously, the target price had yet another raise to $28, while Barclays analysts kept a Overweight rating on NI stock.
The Average True Range (ATR) for NiSource Inc is set at 0.73, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 3.21. The Price to Book ratio for the last quarter was 2.03, with the Price to Cash per share for the same quarter was set at 0.34.
NI Stock Performance Analysis:
NiSource Inc [NI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.54. With this latest performance, NI shares dropped by -0.16% in over the last four-week period, additionally plugging by 17.05% over the last 6 months – not to mention a rise of 44.48% 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 44.89, with the RSI for the last a single of trading hit 40.52, and the three-weeks RSI is set at 47.44 for NiSource Inc [NI]. The present Moving Average for the last 50 days of trading for this stock 36.89, while it was recorded at 37.62 for the last single week of trading, and 32.58 for the last 200 days.
Insight into NiSource Inc Fundamentals:
NiSource Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.35 and a Current Ratio set at 0.46.
NI 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 NI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NiSource Inc go to 8.02%.
NiSource Inc [NI] Institutonal Ownership Details
There are presently around $98.03%, or 98.17%% of NI stock, in the hands of institutional investors. The top three institutional holders of NI stocks are: VANGUARD GROUP INC with ownership of 55.64 million shares, which is approximately 12.4228%. BLACKROCK INC., holding 42.9 million shares of the stock with an approximate value of $$1.24 billion in NI stocks shares; and BLACKROCK INC., currently with $$617.8 million in NI stock with ownership which is approximately 4.7876%.
