FirstEnergy (FE) Stock Forecast & Price Target

$42.71

+0.38 (+0.90%)

(As of 05:19 PM 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 10 Analyst Ratings

Sell
1

Hold
5

Buy
4

Based on 10 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 10 analysts, 1 has given a sell rating, 5 have given a hold rating, and 4 have given a buy rating for FE.

Consensus Price Target

$45.80
7.23% Upside

According to the 10 analysts' twelve-month price targets for FirstEnergy, the average price target is $45.80. The highest price target for FE is $51.00, while the lowest price target for FE is $41.00. The average price target represents a forecasted upside of 7.23% from the current price of $42.71.

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FE Analyst Ratings Over Time

Type	Current Forecast 10/12/23 to 10/11/24	1 Month Ago 9/12/23 to 9/11/24	3 Months Ago 7/14/23 to 7/13/24	1 Year Ago 10/12/22 to 10/12/23
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)	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$45.80	$43.50	$40.55	$40.20
Forecasted Upside	7.23% Upside	-1.47% Downside	2.59% Upside	13.88% 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	2.30	2.51	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.20% Upside	21.14% Upside	7.81% Upside
News Sentiment Rating	Positive News See Recent FE News	Neutral 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
10/7/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $46.00	+7.35%
9/30/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$46.00 ➝ $47.00	+6.70%
9/25/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$48.00 ➝ $51.00	+16.65%
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%
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8/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$43.00 ➝ $45.00	+7.07%
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 Friday at 05:43 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 Sunday, October 6, 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. stock price has been steadily increasing, reaching $44.47 on the latest trading day, showing positive momentum.
FirstEnergy Corp. reported a solid EPS of $0.56 for the last quarter, meeting analyst expectations, indicating stable financial performance.
Analysts have given FirstEnergy Corp. an "overweight" rating, suggesting confidence in the company's growth potential.
FirstEnergy Corp. has a healthy return on equity of 12.12%, indicating efficient utilization of shareholder funds.
FirstEnergy Corp. operates in the regulated distribution and transmission segments, providing a stable revenue stream.

FirstEnergy
Bear Case

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

FirstEnergy Corp. has a debt-to-equity ratio of 1.52, which may indicate higher financial leverage and associated risks.
FirstEnergy Corp.'s quick ratio of 0.43 and current ratio of 0.51 suggest potential liquidity challenges in the short term.
Some analysts have given FirstEnergy Corp. a "sell" rating, reflecting concerns about certain aspects of the company's performance.
FirstEnergy Corp. missed revenue estimates in the last quarter, which could raise doubts about its ability to meet market expectations.
Investors should consider the regulatory environment in the utilities sector, which can impact FirstEnergy Corp.'s operations and profitability.

FE Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for FirstEnergy is $45.80, with a high forecast of $51.00 and a low forecast of $41.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There is currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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 7.23% based on their 12-month stock forecasts.
: Over the previous 90 days, FirstEnergy's stock had 1 upgrade by analysts.
: FirstEnergy has been rated by research analysts at Argus, Bank of America, Barclays, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.
: Analysts like FirstEnergy less than other "utilities" companies. The consensus rating for FirstEnergy is Hold while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how FE compares to other companies.

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This page (NYSE:FE) was last updated on 10/11/2024 by MarketBeat.com Staff

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