FirstEnergy Corp. (NYSE: FE) has reported earnings for its second fiscal quarter (ending June 30) of $0.08 versus $0.41 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.56 versus $0.79 for the same period a year ago.
Recent Price Action
FirstEnergy Corp. (NYSE: FE) stock rose modestly by 0.7% on 7/30/24. The stock closed at $41.80. Moreover, trading volume in this advance was unusually high at 163% of normal. The stock has performed in line with the market over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
FE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
FirstEnergy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. FirstEnergy has a neutral Power Rating of 54 and a neutral Appreciation Score of 55, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment