Edward Jones Lifts NiSource Inc. [NI] Price Estimate: Who Else Is Bullish?
September 25, 2022
Trending News 🌥️
Nisource Intrinsic Stock Value – NISOURCE($NYSE:NI): Edward Jones has lifted its price estimate for NiSource Inc.
NI
, citing bullishness from other analysts. NiSource Inc is an energy holding company that owns and operates natural gas and electricity businesses. The company’s businesses include Columbian Gas, Indiana Gas, Kentucky Utilities, Maryland Gas, and Ohio Edison.
Edward Jones’ analysts believe that NiSource Inc is undervalued and that the company’s stock price will continue to rise. Other analysts are also bullish on the company, citing its strong financial position and growth prospects.
Stock Price
On Friday, NiSource Inc. stock opened at $28.4 and closed at $28.0, down by 2.0% from prior closing price of 28.6. Lynch is bullish on the company’s prospects and believes that NiSource’s stock is undervalued.
VI Analysis – Nisource Intrinsic Stock Value
Company fundamentals are important indicators of a company’s long-term potential. The intrinsic value of a company’s stock reflects its underlying value and is based on factors such as earnings, dividends, and book value. The VI Line app makes it easy to analyze a company’s fundamentals and calculate its intrinsic value. Based on the data, the intrinsic value of NISOURCE shares is around $27.5.
However, the stock is currently trading at $28.0, which is slightly overvalued by 2%.
Summary
NiSource Inc. is an energy holding company that owns and operates regulated natural gas and electricity businesses. The company’s subsidiaries include Columbia Gas of Ohio, Indiana Gas Company, Maryland Gas Company, Massachusetts Gas Company, NIPSCO, NIPSCO Resources, Northern Indiana Public Service Company, Southwestern Indiana Gas Corporation, and Vectren Corporation. The analysts at Edward Jones believe that NiSource is undervalued by the market and that the stock has upside potential. They are bullish on the company’s prospects and believe that it is a good long-term investment.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
