PEG stock: buy or sell
Updated on:
Apr 22nd, 2021
2
PEG stock brief
- After hitting new all-time highs on Wednesday, Public Service Enterprise closed at $63.55 merely moving a -0.16%
- KeyCorp and Morgan Stanley posted buy ratings for Public Service Enterprise on Tuesday, with an average forecast of $70.00
- Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States.
Should I buy Public Service Enterprise stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PEG stock a buy?
Currently, Public Service Enterprise stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $PEG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Public Service Enterprise stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies let us to avoid impulsive decisions based on our emotions or the noise surrounding the market. When selling, as well as buying, our setups are very simple to follow and are only applicable for selling stocks in your porfolio, not for selling short $PEG stock
As a rule of thumb, you must never keep a trade that generates greater losses than those expected upon the buy. When to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Public Service Enterprise stock?
In the current situation of Public Service Enterprise there is not any eligible sell setup, so Public Service Enterprise stock holders with operations in profit can keep their positions
Public Service Enterprise ratings
In the last 30 days, 5 ratings were published for Public Service Enterprise. General sentiment is bullish, with 5 out of 5 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Mar 25th, 2021 | |
| Morgan Stanley | Buy |
| Apr 14th, 2021 | |
| KeyCorp | Buy |
| Wells Fargo & Company | Buy |
| Apr 20th, 2021 | |
| KeyCorp | Buy |
| Morgan Stanley | Buy |
Public Service Enterprise stock analysis
$PEG at new All-time Highs
On Wednesday, Public Service Enterprise hit new all-time highs (ATH) again at $64.15. Stock surged fast in the last 2 weeks, cracking new all-time highs 8 times
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Friday, the price has been corrected downwards by 0.17%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
Climbed above the 70 level Wednesday, marking a reading of 73.27. Climbing above the overbought zone is not a bearish signal, as stock price can rise during several weeks being in the overbought zone
Public Service Enterprise stock price history
Public Service Enterprise went public priced at an adjusted price1 of $0.46 on Jan 1980. Since then, PEG stock has risen by 13,715.22%, with an average of 334.52% per year. If you had invested thousand dollars in Public Service Enterprise stock on the IPO, it would have a value of $138,152.17 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Public Service Enterprise stock
Nobody knows how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by brokerage institutions in the last month. If you are a small trader you shouldn't trade based on these predictions.
The average price target for Public Service Enterprise stock calculated from the table below is $69.20. Public Service Enterprise closed at $63.55 on Wednesday, that is a 8.16% than the forecasted price.
| Brokerage firm | Price target |
|---|---|
| Mar 25th, 2021 | |
| Morgan Stanley | $72.00 → $70.00 |
| Apr 14th, 2021 | |
| KeyCorp | $60.00 → $65.00 |
| Wells Fargo & Company | $64.00 → $71.00 |
| Apr 20th, 2021 | |
| KeyCorp | $60.00 → $65.00 |
| Morgan Stanley | $70.00 → $75.00 |
Earnings and financials
Shareholders call was hosted by Public Service Enterprise ($PEG) last February after releasing the earnings report. Experts were successful in their predictions of Public Service Enterprise's that posted $0.65 per share. In addition, reported revenues were $2.4 billion versus estimates of $2.8 billion.
For comparison, the EPS for the same quarter last year was $0.64, so posted EPS is a gain of 1.56%. Turnover just changed on an annualized basis in the , from $24.8B to $24.0B last quarter.PEG ($PEG) releases quarterly earnings report next Monday. Market estimates of $1.09, compared to previous quarter that was $0.65.
Public Service Enterprise performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Public Service Enterprise ($PEG) | 10.00% | 8.50% | 8.20% |
Please read:
The viewpoints written in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the particular situations of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for general educational purposes onlyPEG summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $63.89 |
| Close | $63.55 |
| Day range | $63.12 - $64.15 |
| Previous close | $63.65 |
| Session gain | -0.16% |
| Average true range | $0.99 |
| 50d mov avg | $58.59 |
| 100d mov avg | $57.76 |
| 200d mov avg | $55.93 |
| Earnings date | May 3rd, 2021 |