Latest FirstEnergy Corp. (NYSE:FE) Target Price Suggests Stock Is Worth $35.63/Share


FirstEnergy Corp. (FE) up 2.61 per cent in the past week, is under coverage of 20 analysts who collectively recommend a hold rating on stock. 8 of the analysts have a buy or better rating; the 1 sells versus 0 underperforms. The 16 equity analysts who rate the stock have an average target price at $35.63, with individual targets ranging between $28 and $43. The shares closed last trade at $33.55, implying that analysts see shares rising about 6.2 per cent in 12 months’ time.

Insider Activity: Insiders look mixed about the prospects of the company that they seem to trade shares both ways while they are 8.06 up so far this year. A Sr VP & President FE Utilities at FirstEnergy Corp. (FE) purchased shares in the company in a transaction completed on Monday March 14, 2016. Strah Steven E accumulated 560 shares in the company at an average price of $35.59 and ended up spending $19,900 in the investment. Strah Steven E now have 7,878 shares in the company after this transaction. A President, FE Solutions in the company, Schneider Donald R, on Wednesday May 06, 2015 collected $373,100 from the Sell of 10,775 shares at $35.59 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering FE stock at the going market price of $33.55/share should know the stock will next release quarterly results for the 42537 quarter. For the reporting quarter, analysts expect the company to deliver $0.54 in earnings per share (EPS). That would represent a 1.89% year-over-year increase Revenue for the same period is expected to arrive at $3.57B.

Earnings Roundup: In the last fiscal quarter alone, FirstEnergy Corp. generated around $3.87B in revenue and net income of $0.8/share. That compares with the consensus estimate $3.9B and $0.75/share, respectively. For the prior quarter revenue for the company hit $3.54B, with earnings at $0.58/share.

Analyst Coverage: Jefferies has been a brokerage house following shares of FirstEnergy Corp. (FE), so its rating change is noteworthy. The stock was downgraded to Hold from Buy, wrote analysts at Jefferies, in a note issued to clients on Thursday April 28, 2016. There was another key note issued by RBC Capital Mkts on Thursday April 28, 2016. The firm lowered its rating on FE from Outperform to Sector Perform.

Price Momentum: Despite the 1.39% increase in value, the stock’s new closing price represents a -7.19% fall in value from company’s one year high of $36.54. The stock is currently holding above its 50 day moving average of $-3 and below its 200 day moving average of $34.9. Over the last three months and over the last six months, the shares of FirstEnergy Corp. (FE), have changed 4.75% and 32.98%, respectively.