Resources Connection, Inc. (RECN) Forms $16.25 Double Top; NiSource Inc. (NI) Had 7 Analysts Last Week

January 22, 2018 - By John Hoffman

Among 14 analysts covering Nisource Inc. (NYSE:NI), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Nisource Inc. had 30 analyst reports since August 20, 2015 according to SRatingsIntel. On Monday, August 14 the stock rating was upgraded by Credit Suisse to “Outperform”. Citigroup maintained it with “Neutral” rating and $27 target in Wednesday, July 27 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, January 10. Jefferies maintained NiSource Inc. (NYSE:NI) rating on Monday, April 3. Jefferies has “Hold” rating and $23 target. The rating was downgraded by Credit Suisse on Friday, August 19 to “Underperform”. Jefferies maintained NiSource Inc. (NYSE:NI) rating on Monday, October 16. Jefferies has “Hold” rating and $24.0 target. The firm has “Hold” rating by US Capital Advisors given on Monday, May 29. On Thursday, October 13 the stock rating was upgraded by Jefferies to “Hold”. The firm has “Neutral” rating by Credit Suisse given on Tuesday, October 13. The rating was initiated by Goldman Sachs on Thursday, December 15 with “Neutral”. See NiSource Inc. (NYSE:NI) latest ratings:

10/01/2018 Broker: Goldman Sachs Rating: Buy New Target: $29.0 Upgrade
20/12/2017 Broker: Jefferies Rating: Hold New Target: $26.0 Maintain
20/11/2017 Broker: Citigroup Rating: Buy Old Target: $28 New Target: $31 Maintain
02/11/2017 Broker: Credit Suisse Rating: Outperform Old Target: $29 New Target: $30 Maintain
18/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $29.5 Maintain
16/10/2017 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain
12/10/2017 Broker: JP Morgan Rating: Neutral Old Target: $25 New Target: $27 Maintain
07/09/2017 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain
14/08/2017 Broker: Credit Suisse Old Rating: Underperform New Rating: Outperform Upgrade
09/08/2017 Broker: Wells Fargo Rating: Outperform New Target: $30 Initiates Coverage On

Resources Connection, Inc. (RECN) formed double top with $17.23 target or 6.00% above today’s $16.25 share price. Resources Connection, Inc. (RECN) has $489.58 million valuation. The stock decreased 0.61% or $0.1 during the last trading session, reaching $16.25. About 13,217 shares traded. Resources Connection, Inc. (NASDAQ:RECN) has declined 11.17% since January 22, 2017 and is downtrending. It has underperformed by 27.87% the S&P500.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.36, from 0.99 in 2017Q2. It improved, as 25 investors sold NiSource Inc. shares while 117 reduced holdings. 45 funds opened positions while 147 raised stakes. 269.00 million shares or 3.95% more from 258.78 million shares in 2017Q2 were reported. 10,185 are owned by C M Bidwell & Associates Ltd. Moreover, Guggenheim Cap Ltd Liability Company has 0.08% invested in NiSource Inc. (NYSE:NI) for 1.40 million shares. Ubs Asset Mngmt Americas Inc holds 0.03% in NiSource Inc. (NYSE:NI) or 1.16M shares. First Republic Inv Mgmt stated it has 0% of its portfolio in NiSource Inc. (NYSE:NI). 41,660 are owned by Janney Montgomery Scott Limited. Mufg Americas Holding holds 0% or 1,459 shares in its portfolio. 3.33M are held by Geode Capital Management Ltd Liability Corp. Peak6 Limited Partnership invested in 1,371 shares or 0% of the stock. Employees Retirement Association Of Colorado holds 59,155 shares or 0.01% of its portfolio. Hsbc Plc accumulated 286,263 shares. 3.71 million are held by Jennison Assocs Limited Liability. Clinton Group reported 73,237 shares. The Vermont-based Manchester Cap Mgmt Ltd has invested 0.02% in NiSource Inc. (NYSE:NI). Perkins Coie Trust owns 521 shares for 0.01% of their portfolio. The Massachusetts-based Commonwealth Equity Service has invested 0.01% in NiSource Inc. (NYSE:NI).

The stock increased 0.54% or $0.13 during the last trading session, reaching $24.07. About 135,402 shares traded. NiSource Inc. (NYSE:NI) has risen 5.02% since January 22, 2017 and is uptrending. It has underperformed by 11.68% the S&P500.

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility firm in the United States. The company has market cap of $8.11 billion. The firm operates through two divisions, Gas Distribution Operations and Electric Operations. It has a 29.39 P/E ratio. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and provides wholesale and transmission transaction services.