Public Service Enterprise Group (NYSE: PEG) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
Positive development: significant quarterly sales acceleration occurred. Negative development: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PEG is expected to continue to be an important Value Builder.
Public Service Enterprise Group has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Public Service Enterprise Group has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 54, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 1/12/24, Public Service Enterprise Group (NYSE: PEG) stock rose slightly by 0.02%, closing at $60.32. Moreover, unusually high trading volume at 160% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -2.4% during the last week.
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