Goldman Sachs Keeps Their Buy Rating on FirstEnergy (FE)
Goldman Sachs analyst maintained a Buy rating on FirstEnergy today and set a price target of $53.00.
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In addition to Goldman Sachs, FirstEnergy also received a Buy from Barclays’s Nicholas Campanella in a report issued on April 7. However, on the same day, Bank of America Securities reiterated a Hold rating on FirstEnergy (NYSE: FE).
Based on FirstEnergy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.8 billion and a GAAP net loss of $49 million. In comparison, last year the company earned a revenue of $3.18 billion and had a net profit of $261 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FE in relation to earlier this year. Last month, James Oneil, a Director at FE sold 7,945.00 shares for a total of $402,017.00.
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- FirstEnergy price target raised to $53 from $50 at Barclays
- FirstEnergy price target raised to $54 from $53 at Morgan Stanley
- FirstEnergy price target raised to $55 from $50 at JPMorgan
- FirstEnergy price target raised to $52 from $49 at BofA
- FirstEnergy price target raised to $53 from $50 at Morgan Stanley
