Credit Suisse Analysts Begin Coverage on Nisource (NI)

By admin | 7 years ago

Equities researchers at Credit Suisse (NYSE: CS) began coverage on shares of Nisource (NYSE: NI) in a report issued on Wednesday. The firm set a “neutral” rating on the stock.

Shares of Nisource traded up 0.61% during mid-day trading on Wednesday, hitting $24.92. Nisource has a 52 week low of $17.95 and a 52 week high of $25.79. The company has a market cap of $7.050 billion and a P/E ratio of 25.41.

The company last announced its quarterly results on Tuesday, May 1st. It reported $0.76 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.72 EPS by $0.04. The company’s quarterly revenue was down 20.5% on a year-over-year basis. On average, analysts predict that Nisource will post $0.16 earnings per share next quarter.

A number of other firms have also recently commented on NI. Analysts at Wunderlich raised their price target on shares of Nisource from $23.00 to $26.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Analysts at KeyBanc (NYSE: KEY) upgraded shares of Nisource from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, March 21st. They now have a $26.50 price target on the stock.

NiSource Inc. (NiSource) is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.

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