NiSource Inc [NYSE: NI] gained 0.66% or 0.26 points to close at $39.6 with a heavy trading volume of 4473565 shares.
It opened the trading session at $39.14, the shares rose to $39.635 and dropped to $39.03, the range by which the price of stock traded the whole day. The daily chart for NI points out that the company has recorded 11.33% gains over the past six months.
If we look at the average trading volume of 4.37M shares, NI reached to a volume of 4473565 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $43.50 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 Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 0.65.
Trading performance analysis for NI stock
NiSource Inc [NI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.48. With this latest performance, NI shares gained by 0.64% in over the last four-week period, additionally plugging by 11.33% over the last 6 months – not to mention a rise of 7.73% in the past year of trading.
NiSource Inc [NI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and NiSource Inc [NI] shares currently have an operating margin of 27.66% and a Gross Margin at 59.30%. NiSource Inc’s Net Margin is presently recorded at 14.63%.
Return on Equity for this stock inclined to 2.78%, with Return on Assets sitting at 2.78%.
NiSource Inc [NI]: An earnings per share (EPS) analysis
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 7.43%.
An analysis of Institutional ownership at NiSource Inc [NI]
There are presently around $97.24%, or 97.50% 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 12.4062%. 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 4.7812%.
