Wall Street’s most bullish NextEra Energy, Inc. (NYSE:NEE) analysts are predicting the share price to blow past $217 per share during the next 12 months. The current median share price forecast by them is $188, suggesting that the stock could increase -1.51% in that time frame. The average price target of $190.23 calls for a nearly -0.35% increase in the stock price.
NextEra Energy, Inc. (NYSE:NEE) rose 0.73% in recent trade and currently has a stock-market value of $91.19B. The shares finished at $190.89, after trading as low as $189.43 earlier in the session. It hit an intraday high Tuesday at $191.36. Trading activity significantly weakened as the volume at ready counter decreased to 1,734,927 shares versus 1,985,460 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,219,502 shares. The stock is now 24.33% above against its bear-market low of $153.54 on March 13, 2018. It has retreated -0.25% since it’s 52-week high of $191.36 reached in March. Now the market price is up 23.31% on the year and up 9.82% YTD.
NEE stock’s 50 day simple moving average (SMA 50) price is $180.13 and its 200-day simple moving average (SMA 200) price is $173.08. The company’s stock currently has a total float of 477.23M shares. Its weekly volatility is hovering around 1.01% and felt 1.09% volatility in price over a month. On the upside, the share price will test short term resistance at around $191.69. On a downside, the stock is likely to find some support, which begins at $189.76. The failure to get near-term support could push it to $188.63.
It had seen a new analyst call from Scotia Howard Weil, which initiated the stock at Sector Perform on July 24. Analysts at Credit Suisse, started covering the stock on December 07 with a Outperform rating. Analysts at BofA/Merrill, made their first call about the stock on October 24, recommending it is Buy.
When looking at valuations, NextEra Energy, Inc. (NEE) has a cheap P/E of 14.63x as compared to industry average of 16.6x. Moreover, it trades for 21.06 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.67x price/book and 5.45x price/sales. Compared to others, NextEra Energy, Inc. is in a different league with regards to profitability, having net margins of 39.7%. To put some perspective around this, the industry’s average net margin is 20.14%. NEE’s ROE is 19.8%, which is also considerably better than the industry’s ROE of 9.82%. It’s also not liquid in the near term, with a current ratio of 0.4. The stock has a debt/capital of 1.1.
Shares of NEE have gained 5.1% since the company’s most recent earnings report. Over the past 12 fiscal quarters, NextEra Energy, Inc. (NYSE:NEE) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 3 quarters (25%), whereas at 0 occasion EPS met analyst expectations. NEE last reported earnings that receded expectations. The company raked in $1.49 per share, -49.32% change on the same period last year. That was worse than consensus for $1.54. Revenue for the recent quarter stood at $4.39 billion, up 9% on last year and below the $4.97 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.65 billion to $4.59 billion, which should be compared with $4.5 billion generated last year. EPS is seen in a range of $1.2 to $2.26, against the $1.69 reported a year ago.
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