PG&E (PCG) Stock Forecast & Price Target

$21.51 +0.32 (+1.51%)

(As of 06:00 PM ET)

PG&E - 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

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
6.00% 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 6.00% from the current price of $21.51.

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PCG 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	9 Buy rating(s)	9 Buy rating(s)	6 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	$20.67	$18.63
Forecasted Upside	6.00% Upside	11.98% Upside	9.29% Upside	4.05% 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	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	6.00% Upside	21.83% Upside	6.71% Upside
News Sentiment Rating	Positive 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
10/21/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$24.00 ➝ $25.00	+22.61%
10/14/2024	Jefferies Financial Group 2 of 5 stars	Initiated Coverage	Buy	$24.00	+22.26%
9/25/2024	Morgan Stanley 3 of 5 stars	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%
9/3/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$24.00 ➝ $26.00	+30.39%
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%
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.
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%
5/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$21.00 ➝ $23.00	+24.66%
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 Tuesday at 07:49 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 Monday, November 25, 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 multiple analysts, including UBS Group raising the target price to $26.00, indicate strong market confidence in PG&E Co.'s growth potential.
The company reported a quarterly earnings per share (EPS) of $0.37, surpassing analysts' expectations of $0.32, showcasing its ability to generate profits effectively.
PG&E Co. has a current stock price of $20.99, which is near its 12-month high of $21.51, suggesting potential for further appreciation in value.
With a market capitalization of approximately $54.89 billion, PG&E Co. is a significant player in the utilities sector, providing stability and potential for long-term growth.
The company has a low payout ratio of 3.13%, indicating that it retains a large portion of its earnings for reinvestment, which could lead to future growth and increased shareholder value.

PG&E
Bear Case

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

Despite recent earnings growth, PG&E Co. reported revenue of $5.94 billion, which fell short of the consensus estimate of $6.58 billion, raising concerns about its revenue generation capabilities.
The company has a high debt-to-equity ratio of 2.02, indicating that it relies heavily on debt financing, which could pose risks in a rising interest rate environment.
PG&E Co. has a relatively low dividend yield of 0.19%, which may not be attractive for income-focused investors looking for higher returns from dividends.
Analysts have mixed ratings, with two holding a "hold" rating, suggesting that not all market participants are confident in the stock's future performance.
The stock's beta of 1.03 indicates that it is slightly more volatile than the market, which could lead to greater risk for investors during market fluctuations.

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 research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last twelve months. There is currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCG shares.
: According to analysts, PG&E's stock has a predicted upside of 6.00% based on their 12-month stock forecasts.
: PG&E has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like PG&E more than other "utilities" companies. The consensus rating for PG&E is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PCG compares to other companies.

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“Fed Proof” Your Bank Account with THESE 4 Simple Steps (Ad)

Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.

Learn these 4 simple steps and protect your savings before it’s too late.

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

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PG&E (PCG) Stock Forecast & Price Target