NiSource Inc (NI) Receives Price Target

NiSource Inc (NI) : Average target price received by NiSource Inc (NI) is $25.2 with an expected standard deviation of $2.17. The most aggressive target on the stock is $27, whereas the most downbeat target is $22. 5 financial analysts are currently covering the stock.

NiSource Inc (NI) : Zacks Investment Research ranks NiSource Inc (NI) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.63, which indicates as a Hold.


Also, Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on NiSource Inc (NYSE:NI). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Credit Suisse maintains a current price target of $25 per share. The rating by the firm was issued on August 19, 2016.

NiSource Inc (NYSE:NI): The stock opened at $23.91 on Thursday but the bulls could not build on the opening and the stock topped out at $24.01 for the day. The stock traded down to $23.77 during the day, due to lack of any buying support eventually closed down at $23.83 with a loss of -0.46% for the day. The stock had closed at $23.94 on the previous day. The total traded volume was 1,699,929 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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