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Public Service Enterprise Group (PEG) Stock Forecast & Price Target

Public Service Enterprise Group logo
$85.06 +1.87 (+2.25%)
(As of 12/20/2024 05:31 PM ET)
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Public Service Enterprise Group - 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 13 Analyst Ratings
Sell
0
Hold
4
Buy
9

Based on 13 Wall Street analysts who have issued ratings for Public Service Enterprise Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 4 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for PEG.

Consensus Price Target

$89.17
4.83% Upside
According to the 13 analysts' twelve-month price targets for Public Service Enterprise Group, the average price target is $89.17. The highest price target for PEG is $100.00, while the lowest price target for PEG is $80.00. The average price target represents a forecasted upside of 4.83% from the current price of $85.06.
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PEG Analyst Ratings Over Time

TypeCurrent 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
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 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$89.17$86.69$77.92$64.15
Forecasted Upside4.83% Upside-6.13% Downside-10.19% Downside5.77% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

PEG 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.
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PEG 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.
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Public Service Enterprise Group Stock vs. The Competition

TypePublic Service Enterprise GroupUtilities CompaniesS&P 500
Consensus Rating Score
2.77
2.53
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside4.83% Upside28.88% Upside14.52% Upside
News Sentiment Rating
Positive News

See Recent PEG News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/12/2024Scotiabank
5 of 5 stars		 Boost TargetSector Perform ➝ Sector Perform$73.00 ➝ $86.00-0.74%
12/11/2024Guggenheim
2 of 5 stars		S. Pourreza
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy ➝ Buy
11/5/2024Barclays
3 of 5 stars		 Lower TargetOverweight ➝ Overweight$98.00 ➝ $88.00+7.49%
10/30/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$94.00 ➝ $98.00+10.75%
10/21/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$86.00 ➝ $89.00-1.44%
10/16/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$85.00 ➝ $100.00+12.31%
10/8/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$92.00 ➝ $95.00+4.02%
9/23/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$83.00 ➝ $95.00+9.50%
9/13/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold$85.00+2.03%
8/29/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$84.00 ➝ $88.00+9.21%
8/5/2024LADENBURG THALM/SH SH
Subscribe to MarketBeat All Access for the recommendation accuracy rating		P. Fremont
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold ➝ Strong-Buy
7/15/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$80.00 ➝ $84.00+12.28%
5/23/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$65.00 ➝ $80.00+7.63%
12/1/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$68.00 ➝ $70.00+10.83%
6/7/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$64.00+2.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:35 AM ET.


Should I Buy Public Service Enterprise Group Stock? PEG 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 Public Service Enterprise Group pros and cons to contact@marketbeat.com.

Public Service Enterprise Group
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Public Service Enterprise Group Incorporated:

  • Recent analyst upgrades have increased the target price for Public Service Enterprise Group Incorporated, with notable firms like Wells Fargo raising it to $100.00, indicating strong market confidence.
  • The stock currently has a consensus rating of "Moderate Buy" from analysts, suggesting that the majority believe it is a good investment opportunity.
  • Insider ownership is relatively low at 0.57%, which can indicate that the stock is more accessible to outside investors, potentially leading to less volatility.
  • Public Service Enterprise Group Incorporated operates in the essential electric and gas utility sector, which tends to be more stable and less affected by economic downturns compared to other industries.
  • The current stock price is around $88.08, which is close to the average target price set by analysts, suggesting it may be fairly valued at this time.

Public Service Enterprise Group
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Public Service Enterprise Group Incorporated for these reasons:

  • Insider selling has been observed, with 27,361 shares sold recently, which may raise concerns about the confidence of those within the company regarding its future performance.
  • Some analysts have downgraded their target prices, such as Barclays reducing it from $98.00 to $88.00, indicating potential uncertainty in the stock's future growth.
  • The utility sector can be heavily regulated, which may limit growth opportunities and affect profitability compared to less regulated industries.
  • Market conditions can impact utility stocks, and any significant economic downturn could lead to reduced demand for services, affecting revenue.
  • With a mix of ratings from analysts, including four hold ratings, there may be a lack of consensus on the stock's potential, which could indicate uncertainty among investors.

PEG Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Public Service Enterprise Group is $89.17, with a high forecast of $100.00 and a low forecast of $80.00.

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 4 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEG shares.

According to analysts, Public Service Enterprise Group's stock has a predicted upside of 4.83% based on their 12-month stock forecasts.

Public Service Enterprise Group has been rated by research analysts at Barclays, BMO Capital Markets, Evercore ISI, Guggenheim, Morgan Stanley, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Public Service Enterprise Group more than other "utilities" companies. The consensus rating score for Public Service Enterprise Group is 2.77 while the average consensus rating score for "utilities" companies is 2.53. Learn more on how PEG compares to other companies.

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