NiSource Inc (NYSE: NI) has reported E.P.S. of $0.19 for its third fiscal quarter (ending September 30) versus $0.19 for the same period a year ago — flat performance. E.P.S. were $1.68 for the latest four quarters through September 30 versus $1.61 for the same period a year ago — an increase of 4%.
Recent Price Action
On 10/30/24, NiSource Inc (NYSE: NI) stock enjoyed a large increase of 2.1%, closing at $35.13. Moreover, this advance was accompanied by unusually high trading volume at 180% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
NI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
NiSource has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. NiSource has a slightly positive Appreciation Score of 63 and a very high Power Rating of 92, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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