Mizuho Securities analyst Paul Fremont maintained a Hold rating on FirstEnergy on Thursday, setting a price target of $38, which is approximately 0.82% above the present share price of $37.69.
Fremont expects FirstEnergy to post earnings per share (EPS) of $0.11 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in FirstEnergy, with an average price target of $41.5.
The analysts price targets range from a high of $48 to a low of $38.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.62 billion and a net profit of $542 million. The company's market cap is $20.51 billion.
According to TipRanks.com, Mizuho Securities analyst Paul Fremont is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.0% and a 62.93% success rate.
FirstEnergy Corp (NYSE:FE). engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy's utility operating companies, serving various customers. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by FirstEnergy's utilities and the regulatory assets. The Corporate segment reflects corporate support not charged to FE's subsidiaries, interest expense on FE's holding company debt and other businesses that do not constitute an operating segment. FirstEnergy was founded in 1996 and is headquartered in Akron, OH.