Credit Suisse (SIX:CSGN) analyst Michael Weinstein W. maintained a Buy rating on Nisource (NYSE:NI) Inc on Monday, setting a price target of $26, which is approximately 6.82% above the present share price of $24.34.
Weinstein W. expects Nisource Inc to post earnings per share (EPS) of $0.16 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Nisource, with an average price target of $26.5.
The analysts price targets range from a high of $29 to a low of $24.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.61 billion and a net profit of $428.3 million. The company's market cap is $9.32 billion.
According to TipRanks.com, Credit Suisse analyst Michael Weinstein W. is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.9% and a 63.16% 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.