NiSource (NI) Stock Forecast, Price Target & Predictions
NI Stock Forecast
NiSource stock forecast is as follows: an average price target of $35.80 (represents a -1.24% downside from NI’s last price of $36.25) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
NI Price Target
The average price target for NiSource (NI) is $35.80 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $39.00 to $32.00. This represents a potential -1.24% downside from NI's last price of $36.25.
NI Analyst Ratings
According to 12 Wall Street analysts, NiSource's rating consensus is 'Buy'. The analyst rating breakdown for NI stock is 1 'Strong Buy' (8.33%), 9 'Buy' (75.00%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
NiSource Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Julien Dumoulin-Smith | Jefferies | $39.00 | $35.13 | 11.00% | 7.59% |
| Sep 12, 2024 | James Thalacker | BMO Capital | $36.00 | $33.53 | 7.37% | -0.69% |
| Sep 12, 2024 | Ross Fowler | Bank of America Securities | $37.00 | $33.56 | 10.25% | 2.07% |
| Aug 09, 2024 | James Thalacker | BMO Capital | $34.00 | $31.05 | 9.50% | -6.21% |
| May 09, 2024 | James Thalacker | BMO Capital | $31.00 | $28.45 | 8.98% | -14.48% |
| Apr 26, 2022 | - | Credit Suisse | $32.00 | $30.58 | 4.64% | -11.72% |
| Apr 19, 2022 | - | Wells Fargo | $35.00 | $31.80 | 10.05% | -3.45% |
The latest NiSource stock forecast, released on Oct 28, 2024 by Julien Dumoulin-Smith from Jefferies, set a price target of $39.00, which represents a 11.00% increase from the stock price at the time of the forecast ($35.13), and a 7.59% increase from NI last price ($36.25).
NiSource Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 5 |
| Avg Price Target | $39.00 | $37.33 | $35.40 |
| Last Closing Price | $36.25 | $36.25 | $36.25 |
| Upside/Downside | 7.59% | 2.98% | -2.34% |
In the current month, the average price target of NiSource stock is $39.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 7.59% increase as opposed to NiSource's last price of $36.25. This month's average price target is up 4.47% compared to last quarter, and up 10.17% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Citigroup | Neutral | Neutral | Hold |
| Oct 28, 2024 | Jefferies | - | Buy | Initialise |
| Oct 16, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Sep 19, 2024 | Edward Jones | Buy | Buy | Hold |
| Sep 12, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 12, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 13, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 09, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 16, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 15, 2024 | Barclays | Overweight | Overweight | Hold |
NiSource's last stock rating was published by Citigroup on Oct 31, 2024. The company gave NI a "Neutral" rating, the same as its previous rate.
NiSource Financial Forecast
NiSource Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.03B | $1.09B | $1.97B | $1.70B | $1.09B | $1.18B | $1.87B | $1.41B | $959.40M |
| Avg Forecast | $1.17B | $1.17B | $1.16B | $1.15B | $1.15B | $1.14B | $1.14B | $1.13B | $2.19B | $824.89M | $717.66M | $3.44B | $2.11B | $795.58M | $988.13M | $2.74B | $1.75B | $986.00M | $905.26M | $2.37B | $1.70B | $1.16B | $1.12B | $1.87B | $1.39B | $1.02B | $1.06B | $1.69B | $1.51B | $950.45M |
| High Forecast | $1.32B | $1.31B | $1.30B | $1.30B | $1.29B | $1.28B | $1.28B | $1.27B | $2.46B | $927.03M | $806.52M | $3.87B | $2.37B | $894.09M | $1.11B | $2.96B | $1.86B | $1.11B | $905.26M | $2.37B | $1.72B | $1.30B | $1.26B | $2.10B | $1.56B | $1.02B | $1.06B | $1.69B | $1.51B | $950.45M |
| Low Forecast | $1.03B | $1.03B | $1.02B | $1.02B | $1.01B | $1.01B | $1.00B | $996.61M | $1.93B | $726.74M | $632.26M | $3.03B | $1.86B | $700.92M | $870.55M | $2.52B | $1.65B | $868.67M | $905.26M | $2.37B | $1.68B | $1.02B | $984.58M | $1.64B | $1.22B | $1.02B | $1.06B | $1.69B | $1.51B | $950.45M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.98% | 1.05% | 1.23% | 1.07% | 1.12% | 1.11% | 0.94% | 1.01% |
NiSource's average Quarter revenue forecast for Dec 23 based on 2 analysts is $1.70B, with a low forecast of $1.68B, and a high forecast of $1.72B. NI's average Quarter revenue forecast represents a 65.62% increase compared to the company's last Quarter revenue of $1.03B (Sep 23).
NiSource EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $183.90M | $183.00M | $734.60M | $594.20M | $365.70M | $357.00M | $695.90M | $460.20M | $351.30M |
| Avg Forecast | $436.57M | $434.41M | $432.25M | $430.10M | $427.97M | $425.84M | $423.73M | $421.63M | $815.98M | $307.45M | $267.48M | $1.28B | $786.99M | $296.53M | $368.29M | $1.02B | $652.35M | $367.50M | $337.41M | $1.00B | $634.21M | $432.43M | $416.53M | $913.16M | $394.43M | $380.40M | $394.95M | $830.15M | $561.46M | $354.25M |
| High Forecast | $490.63M | $488.19M | $485.77M | $483.36M | $480.96M | $478.57M | $476.20M | $473.83M | $917.01M | $345.52M | $300.60M | $1.44B | $884.43M | $333.24M | $413.90M | $1.10B | $694.17M | $413.00M | $337.41M | $1.21B | $642.18M | $485.97M | $468.11M | $1.10B | $473.32M | $380.40M | $394.95M | $996.18M | $561.46M | $354.25M |
| Low Forecast | $384.62M | $382.71M | $380.81M | $378.92M | $377.04M | $375.17M | $373.31M | $371.46M | $718.88M | $270.87M | $235.66M | $1.13B | $693.34M | $261.24M | $324.47M | $939.16M | $614.72M | $323.77M | $337.41M | $803.58M | $626.23M | $380.97M | $366.97M | $730.53M | $315.54M | $380.40M | $394.95M | $664.12M | $561.46M | $354.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.44% | 0.80% | 1.51% | 0.96% | 0.90% | 0.84% | 0.82% | 0.99% |
2 analysts predict NI's average Quarter EBITDA for Dec 23 to be $634.21M, with a high of $642.18M and a low of $626.23M. This is 244.86% upper than NiSource's previous annual EBITDA (Sep 23) of $183.90M.
NiSource Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $85.10M | $58.80M | $333.00M | $244.50M | $65.80M | $67.00M | $426.80M | $173.20M | $63.20M |
| Avg Forecast | $361.96M | $100.49M | $80.95M | $533.67M | $322.67M | $101.74M | $94.13M | $472.84M | $290.93M | $95.58M | $85.26M | $439.66M | $262.66M | $93.17M | $96.84M | $404.42M | $239.30M | $72.88M | $73.40M | $536.29M | $249.44M | $71.67M | $48.05M | $487.54M | $142.19M | $47.35M | $54.41M | $443.22M | $161.21M | $42.79M |
| High Forecast | $420.23M | $116.67M | $93.98M | $619.58M | $374.61M | $118.12M | $109.28M | $548.95M | $337.76M | $110.97M | $98.99M | $510.43M | $304.93M | $108.17M | $112.43M | $469.52M | $277.82M | $84.61M | $73.52M | $643.55M | $254.23M | $86.01M | $55.79M | $585.04M | $170.63M | $47.35M | $54.41M | $531.86M | $161.21M | $42.79M |
| Low Forecast | $305.97M | $84.95M | $68.42M | $451.12M | $272.76M | $86.00M | $79.56M | $399.70M | $245.92M | $80.80M | $72.07M | $371.65M | $222.02M | $78.76M | $81.86M | $341.86M | $202.28M | $61.61M | $73.29M | $429.03M | $244.64M | $47.78M | $40.62M | $390.03M | $113.75M | $47.35M | $54.41M | $354.57M | $161.21M | $42.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.22% | 0.68% | 1.72% | 1.39% | 1.23% | 0.96% | 1.07% | 1.48% |
NiSource's average Quarter net income forecast for Dec 23 is $249.44M, with a range of $244.64M to $254.23M. NI's average Quarter net income forecast represents a 193.11% increase compared to the company's last Quarter net income of $85.10M (Sep 23).
NiSource SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $333.15M | $331.49M | $329.85M | $328.21M | $326.58M | $324.96M | $323.34M | $321.74M | $622.67M | $234.61M | $204.12M | $979.75M | $600.54M | $226.28M | $281.04M | $779.67M | $497.81M | $280.44M | $257.47M | $672.79M | $483.96M | $329.98M | $317.85M | $530.96M | $394.00M | $290.28M | $301.39M | $479.51M | $428.45M | $270.32M |
| High Forecast | $374.40M | $372.54M | $370.69M | $368.85M | $367.02M | $365.19M | $363.38M | $361.58M | $699.77M | $263.67M | $229.39M | $1.10B | $674.90M | $254.30M | $315.84M | $842.67M | $529.72M | $315.16M | $257.47M | $672.79M | $490.05M | $370.84M | $357.21M | $596.70M | $442.78M | $290.28M | $301.39M | $479.51M | $428.45M | $270.32M |
| Low Forecast | $293.50M | $292.05M | $290.60M | $289.15M | $287.72M | $286.29M | $284.87M | $283.46M | $548.58M | $206.70M | $179.83M | $863.17M | $529.08M | $199.35M | $247.60M | $716.67M | $469.09M | $247.07M | $257.47M | $672.79M | $477.87M | $290.72M | $280.03M | $467.78M | $347.11M | $290.28M | $301.39M | $479.51M | $428.45M | $270.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NiSource's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to NI last annual SG&A of $NaN (undefined).
NiSource EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.21 | $0.14 | $0.77 | $0.49 | $0.13 | $0.13 | $1.02 | $0.44 | $0.13 |
| Avg Forecast | $0.80 | $0.22 | $0.18 | $1.17 | $0.71 | $0.22 | $0.21 | $1.04 | $0.64 | $0.21 | $0.19 | $0.97 | $0.58 | $0.20 | $0.21 | $0.89 | $0.53 | $0.16 | $0.16 | $0.83 | $0.55 | $0.16 | $0.11 | $0.75 | $0.48 | $0.11 | $0.12 | $0.77 | $0.36 | $0.10 |
| High Forecast | $0.92 | $0.26 | $0.21 | $1.36 | $0.82 | $0.26 | $0.24 | $1.21 | $0.74 | $0.24 | $0.22 | $1.12 | $0.67 | $0.24 | $0.25 | $1.03 | $0.61 | $0.19 | $0.16 | $0.83 | $0.56 | $0.19 | $0.12 | $0.88 | $0.56 | $0.11 | $0.12 | $0.77 | $0.36 | $0.10 |
| Low Forecast | $0.67 | $0.19 | $0.15 | $0.99 | $0.60 | $0.19 | $0.18 | $0.88 | $0.54 | $0.18 | $0.16 | $0.82 | $0.49 | $0.17 | $0.18 | $0.75 | $0.45 | $0.14 | $0.16 | $0.83 | $0.54 | $0.11 | $0.09 | $0.64 | $0.41 | $0.11 | $0.12 | $0.77 | $0.36 | $0.10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.33% | 1.32% | 1.02% | 1.02% | 1.24% | 1.08% | 1.33% | 1.23% | 1.37% |
According to 2 Wall Street analysts, NiSource's projected average Quarter EPS for Dec 23 is $0.55, with a low estimate of $0.54 and a high estimate of $0.56. This represents a 161.34% increase compared to NI previous annual EPS of $0.21 (Sep 23).
NiSource Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UGI | UGI | $23.49 | $36.33 | 54.66% | Hold |
| NWN | Northwest Natural Company | $41.29 | $48.75 | 18.07% | Hold |
| SR | Spire | $65.69 | $69.33 | 5.54% | Buy |
| NI | NiSource | $36.25 | $35.80 | -1.24% | Buy |
| NJR | New Jersey Resources | $47.73 | $47.00 | -1.53% | Hold |
| CPK | Chesapeake Utilities | $126.45 | $123.50 | -2.33% | Hold |
| OGS | ONE Gas | $75.09 | $69.83 | -7.00% | Hold |
| ATO | Atmos Energy | $146.51 | $129.00 | -11.95% | Buy |