In recent analyst activity, Keybanc analyst Jason Celino has adjusted the price target for FirstEnergy (FE, Financial), a prominent player in the energy sector. The current price target has been revised to $46.00 USD from the previous target of $47.00 USD, marking a 2.13% decrease.
Despite the reduction in the price target, Keybanc maintains its 'Overweight' rating for FirstEnergy (FE, Financial). This suggests that the firm still sees potential in the company's long-term performance, but with a slightly tempered short-term outlook.
FirstEnergy (FE, Financial) continues to be a key focus for investors in the utility sector, and this updated analysis provides important insights into its projected financial trajectory. Investors will be watching closely to see how these adjustments might impact FirstEnergy's stock performance in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for FirstEnergy Corp (FE, Financial) is $44.97 with a high estimate of $47.00 and a low estimate of $42.00. The average target implies an upside of 11.89% from the current price of $40.20. More detailed estimate data can be found on the FirstEnergy Corp (FE) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, FirstEnergy Corp's (FE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FirstEnergy Corp (FE, Financial) in one year is $43.75, suggesting a upside of 8.84% from the current price of $40.195. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FirstEnergy Corp (FE) Summary page.
