Barclays (LON:BARC) analyst Eric Beaumont maintained a Buy rating on Nisource (NYSE:NI) Inc on Friday, setting a price target of $31, which is approximately 23.51% above the present share price of $25.1.
Beaumont expects Nisource Inc to post earnings per share (EPS) of $0.13 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Nisource, with an average price target of $28.75.
The analysts price targets range from a high of $31 to a low of $27.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $959.4 million and a net profit of $146 million. The company's market cap is $9.86 billion.
According to TipRanks.com, Barclays analyst Eric Beaumont is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.3% and a 58.82% success rate.
NiSource, Inc. is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses in the natural gas service and transportation for residential, commercial, and industrial customers. The Electric Operations segment generates, transmits, and distributes electricity. The company was founded in 1987 and is headquartered in Merrillville, IN.