FirstEnergy (FE) Stock Forecast & Price Target

$42.28 +0.23 (+0.55%)

(As of 11/26/2024 ET)

FirstEnergy - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 12 Analyst Ratings

Sell
1

Hold
7

Buy
4

Based on 12 Wall Street analysts who have issued ratings for FirstEnergy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 1 has given a sell rating, 7 have given a hold rating, and 4 have given a buy rating for FE.

Consensus Price Target

$45.91
8.58% Upside

According to the 12 analysts' twelve-month price targets for FirstEnergy, the average price target is $45.91. The highest price target for FE is $50.00, while the lowest price target for FE is $41.00. The average price target represents a forecasted upside of 8.58% from the current price of $42.28.

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FE Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$45.91	$46.00	$42.55	$40.00
Forecasted Upside	8.58% Upside	5.97% Upside	-2.82% Downside	6.67% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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FE 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.

FE 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.

FirstEnergy Stock vs. The Competition

Type	FirstEnergy	Utilities Companies	S&P 500
Consensus Rating Score	2.25	2.50	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.94% Upside	21.75% Upside	6.90% Upside
News Sentiment Rating	Neutral News See Recent FE 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$52.00 ➝ $50.00	+18.93%
10/31/2024	Seaport Res Ptn 1 of 5 stars	A. Storozynski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/22/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $48.00	+10.34%
10/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$45.00 ➝ $46.00	+5.29%
10/14/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$46.00	+7.70%
10/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $46.00	+7.35%
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9/20/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ferguson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$50.00	+15.67%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$42.00 ➝ $43.00	-1.29%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$40.00 ➝ $45.00	+4.77%
8/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$42.00 ➝ $45.00	+7.40%
6/3/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$38.00 ➝ $41.00	+1.84%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$45.00	+16.97%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$44.00 ➝ $38.00	+10.50%
9/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$44.00 ➝ $41.00	+17.58%
8/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$45.00 ➝ $40.00	+10.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:36 PM ET.

Should I Buy FirstEnergy Stock? FE 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 Monday, November 25, 2024. Please send any questions or comments about these FirstEnergy pros and cons to contact@marketbeat.com.

FirstEnergy
Bull Case

Here are some ways that investors could benefit from investing in FirstEnergy Corp.:

FirstEnergy Corp. has a strong market capitalization of $24.04 billion, indicating a solid position in the utilities sector, which can provide stability and growth potential for investors.
The company recently announced a quarterly dividend of $0.425, translating to an annualized dividend yield of 4.07%. This consistent dividend payment can be attractive for income-focused investors.
Recent analyst upgrades have set a consensus target price of $46.00, suggesting potential upside from the current trading price of $41.72. This indicates that analysts see value in the stock, which could lead to price appreciation.
FirstEnergy Corp. reported a year-over-year revenue increase of 6.9%, demonstrating its ability to grow despite market challenges. This growth can be a positive indicator of the company's operational efficiency and market demand.
The company has a relatively low beta of 0.51, suggesting that its stock price is less volatile compared to the overall market. This can provide a safer investment option for risk-averse investors.

FirstEnergy
Bear Case

Investors should be bearish about investing in FirstEnergy Corp. for these reasons:

FirstEnergy Corp. has a payout ratio of 109.68%, which indicates that the company is paying out more in dividends than it earns. This could raise concerns about the sustainability of future dividend payments.
The company missed analysts' consensus earnings estimates by $0.05 in its latest quarterly report, which may signal potential operational challenges or inefficiencies that could affect future profitability.
Despite recent revenue growth, the company reported a net margin of only 6.64%, which may limit its ability to reinvest in growth opportunities or weather economic downturns.
With one analyst rating the stock as a sell, there is a portion of the market that views FirstEnergy Corp. as a less favorable investment, which could lead to negative sentiment among investors.
The stock has a relatively high price-to-earnings (P/E) ratio of 26.92, suggesting that it may be overvalued compared to its earnings, which could deter value-oriented investors.

FE Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for FirstEnergy is $45.91, with a high forecast of $50.00 and a low forecast of $41.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There is currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FE, but not buy additional shares or sell existing shares.
: According to analysts, FirstEnergy's stock has a predicted upside of 8.58% based on their 12-month stock forecasts.
: Over the previous 90 days, FirstEnergy's stock had 1 upgrade and 1 downgrade by analysts.
: FirstEnergy has been rated by research analysts at Argus, Bank of America, Barclays, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, and Seaport Res Ptn in the past 90 days.
: Analysts like FirstEnergy less than other "utilities" companies. The consensus rating score for FirstEnergy is 2.25 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how FE compares to other companies.

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This page (NYSE:FE) was last updated on 11/26/2024 by MarketBeat.com Staff

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FirstEnergy (FE) Stock Forecast & Price Target