A statement released earlier today by Zacks Investment Research about NiSource Inc. (NYSE:NI) ups the target price to $28.00
- Updated: September 23, 2016
In a statement issued on 9/23/2016 Zacks Investment Research bumped up the target of NiSource Inc. (NYSE:NI) to $28.00 indicating a possible upside of 0.11%.
Yesterday NiSource Inc. (NYSE:NI) traded -0.63% lower at $25.27. The company’s 50-day moving average is $24.45 and its 200-day moving average is $24.30. The last stock close price is up 3.32% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,630,574 shares of the stock were exchanged, down from an average trading volume of 2,980,880
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NiSource Inc. has a 52 week low of $17.67 and a 52 week high of $26.94 with a P/E ratio of 30.55 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target, a total of 9 equity analysts have issued a report on the stock. The consensus target price is $22.29 with one analyst rating the stock a strong buy, two equity analysts rating the company a buy, 8 firms rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About NiSource Inc. (NYSE:NI)
NiSource Inc. is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts. Its natural gas distribution operations operate approximately 59,000 miles of pipeline. The Electric Operations segment provides electric service in approximately 20 counties in the northern part of Indiana. The Company's principal subsidiaries include NiSource Gas Distribution Group, Inc., a natural gas distribution holding company, and NIPSCO, a gas and electric company. NIPSCO owns and operates approximately three coal-fired electric generating stations. NiSource Finance Corporation (NiSource Finance) is a consolidated finance subsidiary of the Company.
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