FirstEnergy Corp. (NYSE: FE) is -5.00% lower on its value in year-to-date trading and has touched a low of $35.32 and a high of $48.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FE stock was last observed hovering at around $38.98 in the last trading session, with the day’s gains setting it 0.53% off its average median price target of $42.50 for the next 12 months. It is also 17.69% off the consensus price target high of $48.00 offered by 15 analysts, but current levels are -16.21% lower than the price target low of $34.00 for the same period.
Currently trading at $39.51, the stock is 4.22% and 3.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing 1.36% at the moment leaves the stock -3.02% off its SMA200. FE registered 1.46% gain for a year compared to 6-month loss of -8.48%.
The stock witnessed a 5.14% gain in the last 1 month and extending the period to 3 months gives it a -3.47%, and is 3.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 2.38% over the month.
FirstEnergy Corp. (FE) has around 12395 employees, a market worth around $22.10B and $11.94B in sales. Current P/E ratio is 17.98 and Fwd P/E is 15.72. Profit margin for the company is 10.40%. Distance from 52-week low is 11.86% and -19.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.50%).
FirstEnergy Corp. (FE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for FirstEnergy Corp. (FE) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.50, where 4 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
FirstEnergy Corp. is expected to release its quarterly report on 02/09/2023.The EPS is expected to grow by 22.90% this year
FirstEnergy Corp. (FE) Top Institutional Holders
The shares outstanding are 571.75M, and float is at 571.34M with Short Float at 1.14%.
FirstEnergy Corp. (FE) Insider Activity
A total of 6 insider transactions have happened at FirstEnergy Corp. (FE) in the last six months, with sales accounting for 1 and purchases happening 5 times.
FirstEnergy Corp. (FE): Who are the competitors?
The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading -2.74% down over the past 12 months and The Southern Company (SO) that is 5.32% higher over the same period. Dominion Energy Inc. (D) is -18.43% down on the 1-year trading charts.