Based on recent Wall Street analyst evaluations, First Energy (FE) is generally considered a Moderate Buy.
Financial analysts regularly assess publicly traded companies like First Energy (FE) to provide guidance to investors. These assessments often culminate in a consensus rating, which summarizes the collective outlook of multiple experts. For First Energy, the current consensus leans towards a "Moderate Buy," indicating a generally positive sentiment regarding the stock's future performance.
Analyst Ratings Overview
The "Moderate Buy" consensus for First Energy is derived from a detailed breakdown of individual analyst recommendations. Out of a total of 10 Wall Street analysts who have provided 12-month price targets within the last three months, the ratings are split as follows:
| Rating Category | Number of Analysts |
|---|---|
| Buy | 5 |
| Hold | 5 |
| Sell | 0 |
Understanding the Consensus:
- Buy Ratings: Five analysts recommend buying First Energy stock, suggesting they anticipate a significant increase in its share price.
- Hold Ratings: Another five analysts recommend holding the stock, indicating they believe it will perform in line with the broader market or that its current valuation is fair.
- Sell Ratings: Notably, no analysts currently recommend selling First Energy stock, which often signals a lack of strong negative sentiment.
Price Target Insights
In addition to consensus ratings, analysts also provide price targets, which are their projections for a stock's value over a specific period, typically 12 months. For First Energy, the average 12-month price target is $47.67. This average is calculated from the projections of the same 10 Wall Street analysts mentioned above. An average price target helps investors understand the potential upside (or downside) that analysts foresee for the stock.
Considerations for Investors
While analyst ratings and price targets offer valuable insights, it's crucial for investors to conduct their own thorough research and consider various factors, including:
- Company fundamentals: Assess the company's financial health, growth prospects, and competitive landscape.
- Industry trends: Examine regulatory changes, energy demand, and technological advancements impacting the utility sector.
- Overall market conditions: Consider the broader economic outlook and investor sentiment.
