Analyst Rating Update on NiSource Inc (NI)

NiSource Inc (NI) : 2 brokerage houses believe that NiSource Inc (NI) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NiSource Inc (NI). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.

NiSource Inc (NI) : The highest short term price target forecast on NiSource Inc (NI) is $27 and the lowest target price is $22. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $24.5 with a standard deviation of $2.07.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on NiSource Inc (NYSE:NI). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $18.08 per share to $27 per share. The rating by the firm was issued on July 27, 2016.


NiSource Inc (NYSE:NI): The stock opened at $25.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.95 for the day. The stock traded down to $25.23 during the day, due to lack of any buying support eventually closed down at $25.34 with a loss of -2.31% for the day. The stock had closed at $25.94 on the previous day. The total traded volume was 4,429,039 shares.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

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