PG&E (PCG) Stock Forecast & Price Target

$19.82 +0.40 (+2.06%)

(As of 12/20/2024 05:40 PM ET)

PG&E - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
1

Buy
9

Based on 10 Wall Street analysts who have issued ratings for PG&E in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 1 has given a hold rating, and 9 have given a buy rating for PCG.

Consensus Price Target

$22.80
15.04% Upside

According to the 10 analysts' twelve-month price targets for PG&E, the average price target is $22.80. The highest price target for PCG is $26.00, while the lowest price target for PCG is $20.00. The average price target represents a forecasted upside of 15.04% from the current price of $19.82.

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PCG Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$22.80	$22.80	$21.45	$18.68
Forecasted Upside	15.04% Upside	7.40% Upside	6.85% Upside	5.97% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PCG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PCG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PG&E Stock vs. The Competition

Type	PG&E	Utilities Companies	S&P 500
Consensus Rating Score	2.90	2.53	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.04% Upside	28.89% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent PCG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	UBS Group 4 of 5 stars	Lower Target	Buy ➝ Buy	$26.00 ➝ $24.00	+25.00%
12/17/2024	Barclays 3 of 5 stars	Lower Target	Overweight ➝ Overweight	$25.00 ➝ $24.00	+22.45%
11/27/2024	Mizuho 3 of 5 stars	Boost Target	Outperform ➝ Outperform	$24.00 ➝ $26.00	+19.82%
10/14/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$24.00	+22.26%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$19.00 ➝ $20.00	+0.86%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$24.00	+21.27%
Get the Latest News and Ratings for PCG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PG&E and its competitors with MarketBeat's FREE daily newsletter.
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$21.00 ➝ $22.00	+22.09%
6/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$19.00 ➝ $21.00	+15.13%
6/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$19.00 ➝ $22.00	+21.88%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$21.00	+23.53%
10/23/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	In-Line	$16.00	+0.69%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$21.00 ➝ $19.00	+22.34%
5/30/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$20.00 ➝ $21.00	+27.12%
4/3/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$20.50	+26.78%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$18.00 ➝ $19.00	+23.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:57 PM ET.

Should I Buy PG&E Stock? PCG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these PG&E pros and cons to contact@marketbeat.com.

PG&E
Bull Case

Here are some ways that investors could benefit from investing in PG&E Co.:

Recent upgrades from analysts, including Mizuho and UBS Group, have raised the target price for PG&E Co. to $26.00, indicating strong potential for price appreciation.
The current stock price is $20.85, which is below the consensus target price of $23.10, suggesting that the stock may be undervalued and could offer a good entry point for investors.
PG&E Co. reported earnings per share of $0.37 for the latest quarter, exceeding analysts' expectations, which reflects strong operational performance and potential for future growth.
Institutional ownership is high at 78.56%, indicating confidence from large investors in PG&E Co.'s long-term prospects.
The company has a stable dividend payout ratio of 3.13%, providing a modest income stream for investors, which can be attractive in a low-interest-rate environment.

PG&E
Bear Case

Investors should be bearish about investing in PG&E Co. for these reasons:

PG&E Co. has a high debt-to-equity ratio of 2.02, which indicates that the company is heavily reliant on debt financing, potentially increasing financial risk.
The company’s revenue of $5.94 billion for the latest quarter fell short of analysts' expectations of $6.58 billion, raising concerns about its ability to meet growth targets.
Despite recent positive earnings, the stock has a price-to-earnings ratio of 16.29, which may not be attractive compared to other utility companies, suggesting limited upside potential.
Insider ownership is relatively low at 0.15%, which may indicate a lack of alignment between management and shareholders regarding the company's future direction.
Recent insider selling, including a significant transaction by the CEO, could signal a lack of confidence in the company's short-term performance.

PCG Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for PG&E is $22.80, with a high forecast of $26.00 and a low forecast of $20.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last year. There is currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PCG shares.
: According to analysts, PG&E's stock has a predicted upside of 15.04% based on their 12-month stock forecasts.
: PG&E has been rated by research analysts at Barclays, Jefferies Financial Group, Mizuho, Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like PG&E more than other "utilities" companies. The consensus rating score for PG&E is 2.90 while the average consensus rating score for "utilities" companies is 2.53. Learn more on how PCG compares to other companies.

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This page (NYSE:PCG) was last updated on 12/21/2024 by MarketBeat.com Staff

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PG&E (PCG) Stock Forecast & Price Target