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

$90.74

+0.76 (+0.84%)

(As of 09:57 AM ET)

Public Service Enterprise Group - 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 14 Analyst Ratings

Sell
0

Hold
4

Buy
10

Based on 14 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 14 analysts, 4 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for PEG.

Consensus Price Target

$82.85
-8.95% Downside

According to the 14 analysts' twelve-month price targets for Public Service Enterprise Group, the average price target is $82.85. The highest price target for PEG is $98.00, while the lowest price target for PEG is $70.00. The average price target represents a forecasted downside of -8.95% from the current price of $90.74.

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PEG Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$82.85	$77.33	$73.17	$64.54
Forecasted Upside	-8.95% Downside	-3.26% Downside	-4.09% Downside	10.50% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Public Service Enterprise Group Stock vs. The Competition

Type	Public Service Enterprise Group	Utilities Companies	S&P 500
Consensus Rating Score	2.79	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-7.93% Downside	18.27% Upside	7.99% Upside
News Sentiment Rating	Positive News See Recent PEG 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
10/7/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $98.00	+8.96%
9/24/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$87.00 ➝ $94.00	+6.17%
9/23/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$83.00 ➝ $95.00	+9.50%
9/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$85.00	+2.03%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$84.00 ➝ $88.00	+9.21%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$62.00 ➝ $73.00	-9.69%
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8/5/2024	LADENBURG 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	Upgrade	Hold ➝ Strong-Buy
8/2/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$78.00 ➝ $86.00	+9.25%
7/15/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $84.00	+12.28%
6/17/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Pourreza Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$82.00	+12.89%
5/23/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $80.00	+7.63%
4/4/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$67.00 ➝ $72.00	+7.75%
3/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$68.00 ➝ $70.00	+9.32%
12/1/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$68.00 ➝ $70.00	+10.83%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$64.00	+2.04%
11/17/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
11/4/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$63.00	+8.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:13 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 Monday, September 30, 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

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

Public Service Enterprise Group Incorporated has a strong dividend payout ratio (DPR) of 66.48%, indicating a stable dividend payment to shareholders relative to its earnings.
Insider selling activity has been observed, potentially signaling confidence in the company's future performance and growth prospects.
Positive analyst ratings and target price upgrades from various research firms suggest a favorable outlook for the company's stock.
Recent insider transactions, such as CEO and EVP share sales, may indicate management's belief in the company's current valuation and future prospects.
The current stock price of Public Service Enterprise Group Incorporated is at a level that presents a potential buying opportunity for investors seeking value.

Public Service Enterprise Group
Bear Case

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

The recent insider selling activity, including shares sold by the CEO and EVP, could raise concerns about the company's near-term performance or internal sentiment.

PEG Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Public Service Enterprise Group is $82.85, with a high forecast of $98.00 and a low forecast of $70.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last twelve months. There are currently 4 hold ratings, 9 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 downside of -8.70% based on their 12-month stock forecasts.
: Over the previous 90 days, Public Service Enterprise Group's stock had 1 upgrade by analysts.
: Public Service Enterprise Group has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, LADENBURG THALM/SH SH, Morgan Stanley, Royal Bank of Canada, Scotiabank, and UBS Group in the past 90 days.
: Analysts like Public Service Enterprise Group more than other "utilities" companies. The consensus rating for Public Service Enterprise Group is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PEG compares to other companies.

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This page (NYSE:PEG) was last updated on 10/8/2024 by MarketBeat.com Staff

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