Jefferies upgraded NiSource (NYSE:NI) from Underperform to Hold in a report released today.
- Updated: October 13, 2016
Jefferies has upgraded NiSource (NYSE:NI) from Underperform to Hold in a report released on 10/13/2016.
Previously on 9/23/2016, Zacks Investment Research reported about NiSource (NYSE:NI) raised the target price from $0.00 to $28.00. At the time, this indicated a possible upside of 0.11%.
Yesterday NiSource (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
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NiSource has a price-earnings ratio of 28.07 with a one year low of $18.60 and a one year high of $26.94 NI’s total market value is presently $0.
A total of 9 analysts have released a research note on NI. One analyst rating the company a strong buy, two analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $22.29.
More About NiSource (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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