Public Service Enterprise Group (PEG) Stock Forecast, Price Target & Predictions


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PEG Stock Forecast


Public Service Enterprise Group stock forecast is as follows: an average price target of $78.43 (represents a -6.81% downside from PEG’s last price of $84.16) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

PEG Price Target


The average price target for Public Service Enterprise Group (PEG) is $78.43 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $69.00. This represents a potential -6.81% downside from PEG's last price of $84.16.

PEG Analyst Ratings


Buy

According to 9 Wall Street analysts, Public Service Enterprise Group's rating consensus is 'Buy'. The analyst rating breakdown for PEG stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Public Service Enterprise Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 12, 2024Paul ZimbardoJefferies$85.00$83.312.03%1.00%
Aug 23, 2024David ArcaroMorgan Stanley$83.00$81.082.37%-1.38%
Jul 30, 2024Greg GordonEvercore ISI$80.00$78.002.56%-4.94%
Jun 17, 2024Shahriar PourrezaGuggenheim$82.00$73.2811.90%-2.57%
May 28, 2024David ArcaroMorgan Stanley$78.00$74.834.24%-7.32%
May 23, 2024Paul FremontMizuho Securities$80.00$73.968.17%-4.94%
May 01, 2024James ThalackerBMO Capital$69.00$69.15-0.22%-18.01%
Dec 04, 2023Jeremy TonetJ.P. Morgan$70.00$62.6011.82%-16.83%
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The latest Public Service Enterprise Group stock forecast, released on Sep 12, 2024 by Paul Zimbardo from Jefferies, set a price target of $85.00, which represents a 2.03% increase from the stock price at the time of the forecast ($83.31), and a 1.00% increase from PEG last price ($84.16).

Public Service Enterprise Group Price Target by Period


1M3M12M
# Anlaysts248
Avg Price Target$84.00$82.50$78.38
Last Closing Price$84.16$84.16$84.16
Upside/Downside-0.19%-1.97%-6.87%

In the current month, the average price target of Public Service Enterprise Group stock is $84.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -0.19% decrease as opposed to Public Service Enterprise Group's last price of $84.16. This month's average price target is up 1.82% compared to last quarter, and up 7.17% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 12, 2024Jefferies-HoldInitialise
Aug 23, 2024Morgan StanleyOverweightOverweightHold
Aug 20, 2024ScotiabankSector PerformSector PerformHold
Aug 02, 2024BMO CapitalMarket PerformMarket PerformHold
Jul 30, 2024Evercore ISIOutperformOutperformHold
Jul 10, 2024BarclaysOverweightOverweightHold
Jul 03, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 17, 2024Morgan StanleyUnderperformUnderperformHold
Jun 17, 2024ScotiabankSector PerformSector PerformHold
Jun 17, 2024Guggenheim-BuyUpgrade
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Public Service Enterprise Group's last stock rating was published by Jefferies on Sep 12, 2024. The company Initialise its PEG rating from "null" to "Hold".

Public Service Enterprise Group Financial Forecast


Public Service Enterprise Group Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21
Revenue--------------------$2.60B$2.46B$2.42B$3.75B$3.14B$2.27B-$2.31B$3.06B$1.90B
Avg Forecast$2.51B$1.72B$1.89B$2.34B$2.88B$1.90B$2.06B$1.89B$3.18B$1.99B$2.11B$1.38B$4.91B$1.92B$2.32B$2.64B$2.40B$2.44B$2.03B$2.99B$2.40B$2.18B$1.95B$2.80B$2.13B$1.99B$1.81B$2.60B$3.12B$2.56B
High Forecast$2.59B$1.78B$1.96B$2.42B$2.97B$1.97B$2.13B$1.96B$3.29B$2.06B$2.18B$1.43B$5.07B$1.99B$2.40B$2.73B$2.48B$2.50B$2.10B$3.09B$2.97B$2.26B$2.02B$2.89B$2.21B$2.06B$1.81B$2.79B$3.35B$2.75B
Low Forecast$2.43B$1.67B$1.84B$2.27B$2.79B$1.85B$1.99B$1.84B$3.09B$1.93B$2.05B$1.34B$4.76B$1.87B$2.25B$2.56B$2.33B$2.38B$1.97B$2.89B$1.51B$2.11B$1.89B$2.71B$2.07B$1.93B$1.81B$2.38B$2.86B$2.35B
# Analysts111122222222111124245444331233
Surprise %--------------------1.09%1.13%1.24%1.34%1.47%1.14%-0.89%0.98%0.74%

Public Service Enterprise Group's average Quarter revenue forecast for Mar 24 based on 4 analysts is $2.99B, with a low forecast of $2.89B, and a high forecast of $3.09B. PEG's average Quarter revenue forecast represents a 14.59% increase compared to the company's last Quarter revenue of $2.60B (Dec 23).

Public Service Enterprise Group EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21
# Analysts111122222222111124245444331233
EBITDA--------------------$1.09B$310.00M$532.00M$2.00B$1.41B$668.00M-$412.00M$1.07B$-1.79B
Avg Forecast$949.03M$651.25M$717.20M$887.78M$1.09B$721.00M$778.41M$717.38M$1.21B$754.91M$799.44M$522.23M$1.86B$729.01M$878.71M$998.57M$909.48M$923.55M$767.85M$391.36M$909.25M$826.13M$738.98M$309.37M$808.54M$-1.84B$683.94M$244.56M$1.03B$-1.67B
High Forecast$981.29M$673.39M$741.58M$917.96M$1.13B$745.51M$804.87M$741.77M$1.25B$780.57M$826.61M$539.98M$1.92B$753.79M$908.58M$1.03B$940.40M$948.70M$793.95M$469.63M$1.13B$854.21M$764.10M$371.25M$836.03M$-1.47B$683.94M$293.48M$1.24B$-1.34B
Low Forecast$919.95M$631.30M$695.23M$860.58M$1.06B$698.91M$754.56M$695.40M$1.17B$731.78M$774.94M$506.23M$1.80B$706.67M$851.78M$967.98M$881.61M$901.99M$744.32M$313.08M$571.66M$800.81M$716.34M$247.50M$783.77M$-2.20B$683.94M$195.65M$827.34M$-2.00B
Surprise %--------------------1.20%0.38%0.72%6.47%1.74%-0.36%-1.68%1.03%1.07%

4 analysts predict PEG's average Quarter EBITDA for Mar 24 to be $391.36M, with a high of $469.63M and a low of $313.08M. This is -64.03% lower than Public Service Enterprise Group's previous annual EBITDA (Dec 23) of $1.09B.

Public Service Enterprise Group Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21
# Analysts111122222222111124245444331233
Net Income--------------------$546.00M$139.00M$591.00M$1.29B$788.00M$114.00M-$-2.00M$445.00M$-1.56B
Avg Forecast$732.88M$545.93M$486.10M$875.93M$583.09M$505.22M$435.40M$821.47M$381.85M$615.89M$432.12M$785.85M$405.77M$567.13M$382.62M$676.22M$403.04M$461.45M$311.48M$-2.60M$260.26M$375.12M$314.45M$-2.06M$311.81M$-1.61B$321.99M$-1.63M$431.72M$-1.46B
High Forecast$765.26M$570.05M$507.58M$914.64M$608.85M$527.54M$454.64M$857.77M$398.73M$643.10M$451.21M$820.58M$423.70M$592.19M$399.53M$706.11M$420.85M$466.20M$325.25M$-2.08M$265.18M$391.69M$328.35M$-1.64M$325.58M$-1.29B$321.99M$-1.30M$518.06M$-1.17B
Low Forecast$703.69M$524.18M$466.74M$841.04M$559.86M$485.09M$418.06M$788.75M$366.64M$591.36M$414.90M$754.55M$389.61M$544.54M$367.38M$649.29M$386.98M$451.94M$299.07M$-3.12M$255.35M$360.18M$301.93M$-2.47M$299.38M$-1.93B$321.99M$-1.95M$345.37M$-1.75B
Surprise %--------------------2.10%0.37%1.88%-626.09%2.53%-0.07%-1.23%1.03%1.07%

Public Service Enterprise Group's average Quarter net income forecast for Mar 24 is $-2.60M, with a range of $-3.12M to $-2.08M. PEG's average Quarter net income forecast represents a -100.48% decrease compared to the company's last Quarter net income of $546.00M (Dec 23).

Public Service Enterprise Group SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21
# Analysts111122222222111124245444331233
SG&A------------------------------
Avg Forecast$67.66M$46.43M$51.13M$63.29M$77.64M$51.40M$55.49M$51.14M$85.99M$53.82M$56.99M$37.23M$132.46M$51.97M$62.64M$71.19M$64.84M$65.84M$54.74M$80.60M$64.82M$58.90M$52.68M$75.47M$57.64M$53.84M$48.76M$70.20M$84.32M$69.22M
High Forecast$69.96M$48.01M$52.87M$65.44M$80.28M$53.15M$57.38M$52.88M$88.91M$55.65M$58.93M$38.50M$136.96M$53.74M$64.77M$73.61M$67.04M$67.63M$56.60M$83.34M$80.23M$60.90M$54.47M$78.04M$59.60M$55.67M$48.76M$75.22M$90.36M$74.18M
Low Forecast$65.58M$45.01M$49.56M$61.35M$75.26M$49.83M$53.79M$49.58M$83.36M$52.17M$55.25M$36.09M$128.40M$50.38M$60.73M$69.01M$62.85M$64.30M$53.06M$78.13M$40.75M$57.09M$51.07M$73.16M$55.88M$52.19M$48.76M$64.21M$77.12M$63.32M
Surprise %------------------------------

Public Service Enterprise Group'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 PEG last annual SG&A of $NaN (undefined).

Public Service Enterprise Group EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21
# Analysts111122222222111124245444331233
EPS---------------------$0.28$1.19$2.58$1.58$0.23-$-0.00$0.88$-3.10
Avg Forecast$1.47$1.09$0.97$1.75$1.17$1.01$0.87$1.64$0.76$1.23$0.86$1.57$0.81$1.13$0.77$1.35$0.81$0.92$0.62$1.30$0.52$0.75$0.63$1.25$0.62$0.83$0.64$1.13$0.67$0.92
High Forecast$1.53$1.14$1.02$1.83$1.22$1.06$0.91$1.72$0.80$1.29$0.90$1.64$0.85$1.18$0.80$1.41$0.84$0.93$0.65$1.36$0.53$0.78$0.66$1.30$0.65$0.86$0.64$1.23$0.73$1.01
Low Forecast$1.41$1.05$0.93$1.68$1.12$0.97$0.84$1.58$0.73$1.18$0.83$1.51$0.78$1.09$0.73$1.30$0.77$0.90$0.60$1.25$0.51$0.72$0.60$1.20$0.60$0.79$0.64$1.00$0.59$0.82
Surprise %---------------------0.37%1.89%2.07%2.53%0.28%--0.00%1.32%-3.36%

According to 5 Wall Street analysts, Public Service Enterprise Group's projected average Quarter EPS for Dec 23 is $0.52, with a low estimate of $0.51 and a high estimate of $0.53. This represents a 85.90% increase compared to PEG previous annual EPS of $0.28 (Sep 23).

Public Service Enterprise Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EXCExelon$40.23$46.5015.59%Buy
CNPCenterPoint Energy$27.93$30.559.38%Hold
XELXcel Energy$63.84$68.677.57%Buy
DDominion Energy$58.16$62.507.46%Hold
PNMPNM Resources$41.77$44.506.54%Buy
LNTAlliant Energy$59.65$61.002.26%Buy
EVRGEvergy$61.06$61.330.44%Buy
FEFirstEnergy$44.47$44.630.36%Buy
PPLPPL$32.46$31.41-3.23%Buy
DUKDuke Energy$117.31$113.50-3.25%Buy
EIXEdison$85.42$82.63-3.27%Hold
AEPAmerican Electric Power Company$104.17$99.20-4.77%Buy
ETREntergy$127.09$119.63-5.87%Buy
CMSCMS Energy$70.09$65.85-6.05%Buy
PEGPublic Service Enterprise Group$84.16$78.43-6.81%Buy
SOSouthern Company$89.44$75.27-15.84%Buy
PNWPinnacle West Capital$90.70$72.67-19.88%Buy

PEG Forecast FAQ


Yes, according to 9 Wall Street analysts, Public Service Enterprise Group (PEG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of PEG's total ratings.

Public Service Enterprise Group (PEG) average price target is $78.43 with a range of $69 to $85, implying a -6.81% from its last price of $84.16. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PEG stock, the company can go down by -6.81% (from the last price of $84.16 to the average price target of $78.43), up by 1.00% based on the highest stock price target, and down by -18.01% based on the lowest stock price target.

PEG's average twelve months analyst stock price target of $78.43 does not support the claim that Public Service Enterprise Group can reach $130 in the near future.

2 Wall Street analysts forecast a $84 price target for Public Service Enterprise Group (PEG) this month, down -0.19% from its last price of $84.16. Compared to the last 3 and 12 months, the average price target decreased by -1.97% and decreased by -6.87%, respectively.

Public Service Enterprise Group's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $8.73B (high $9.03B, low $8.46B), average EBITDA is $3.31B (high $3.42B, low $3.2B), average net income is $2.35B (high $2.45B, low $2.25B), average SG&A $235.68M (high $243.69M, low $228.46M), and average EPS is $4.69 (high $4.9, low $4.5). PEG's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $8.46B (high $8.75B, low $8.2B), average EBITDA is $3.21B (high $3.31B, low $3.11B), average net income is $2.64B (high $2.76B, low $2.54B), average SG&A $228.51M (high $236.28M, low $221.51M), and average EPS is $5.28 (high $5.52, low $5.07).

Based on Public Service Enterprise Group's last annual report (Dec 2023), the company's revenue was $11.24B, beating the average analysts forecast of $9.33B by 20.46%. Apple's EBITDA was $2.43B, missing the average prediction of $2.78B by -12.64%. The company's net income was $2.56B, beating the average estimation of $947.78M by 170.42%. Apple's SG&A was $0, missing the average forecast of $251.88M by -100.00%. Lastly, the company's EPS was $5.13, beating the average prediction of $3.15 by 63.10%. In terms of the last quarterly report (Dec 2023), Public Service Enterprise Group's revenue was $2.6B, beating the average analysts' forecast of $2.4B by 8.51%. The company's EBITDA was $1.09B, beating the average prediction of $909.25M by 19.66%. Public Service Enterprise Group's net income was $546M, beating the average estimation of $260.26M by 109.79%. The company's SG&A was $0, missing the average forecast of $64.82M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $0.521 by -100.00%