Analyst Rating Update on FirstEnergy Corporation (FE)

FirstEnergy Corporation (FE) has an average broker rating of 2.45, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

FirstEnergy Corporation (FE) : The most positive equity analysts on FirstEnergy Corporation (FE) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $36.5 with an expected fluctuation of $2.27 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs downgrades its rating on FirstEnergy Corporation (NYSE:FE). The global brokerage major lowers the current price target from $36 per share to $31 per share. Analysts at the Goldman Sachs have a current rating of Sell on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 26, 2016.


FirstEnergy Corporation (NYSE:FE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.94 and $32.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.06, notching a gain of 0.33% for the day. The total traded volume was 4,119,664 . The stock had closed at $32.95 on the previous day.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.

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