Jefferies Group upgraded NiSource Inc. (NYSE:NI) to Hold in a statement released earlier today.
- Updated: October 13, 2016
Yesterday NiSource Inc. (NYSE:NI) traded 1.70% higher at $22.69. The company’s 50-day moving average is $23.97 and its 200-day moving average is $24.38. The last stock close price is down -5.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 473,618 shares of the stock were exchanged, down from an average trading volume of 2,897,130
Jefferies Group has upgraded NiSource Inc. (NYSE:NI) to Hold in a report released on 10/13/2016.
Previously on 9/23/2016, Zacks Investment Research reported about NiSource Inc. (NYSE:NI) raised the target price from $0.00 to $28.00. At the time, this indicated a possible upside of 0.11%.
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NiSource Inc. has a 52 week low of $18.60 and a 52 week high of $26.94 with a P/E ratio of 28.07 The company’s market cap is currently $0.
In addition to Jefferies Group reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $22.29 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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