Zacks Investment Research downgraded NiSource Inc. (NYSE:NI) to Hold in a report released today.
- Updated: September 24, 2016
Zacks Investment Research has downgraded NiSource Inc. (NYSE:NI) to Hold in a report released on Thursday September 22, 2016.
Previously on Friday August 19, 2016, Credit Suisse Group AG released a statement about NiSource Inc. (NYSE:NI) increased the target price from $0.00 to $25.00. At the time, this indicated a possible upside of 0.01%.
Just yesterday NiSource Inc. (NYSE:NI) traded -0.63% lower at $25.38. NiSource Inc.’s 50-day moving average is $24.44 and its 200-day moving average is $24.32. The last stock price is up 3.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,028,209 shares of NI traded hands, up from an average trading volume of 3,002,900
Recent Performance Chart
NiSource Inc. has 52 week low of $17.67 and a 52 week high of $26.94 with a price-earnings ratio of 30.55 and has a total market value of $0.
A total of 9 analysts have released a research note on NiSource Inc.. 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 12-month price target of $22.29.
More 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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