Barclays has updated its price target for NorthWestern Energy (NWE, Financial), raising it to $59 from the previous $56. The investment firm maintains an Overweight rating on NorthWestern's shares, reflecting a positive outlook. This adjustment comes as Barclays refines its models for the utilities and power sectors in preparation for the first-quarter earnings reports, taking into account macroeconomic factors and revised perspectives on U.S. utility tariffs.
According to Barclays, the utility sector's defensive qualities position it well for continued positive revaluation, even in the face of shifting market dynamics. As investors look towards dividend stability and reliability, utilities like NorthWestern Energy are expected to draw increased interest, underpinning the sector's strength on an absolute basis.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for NorthWestern Energy Group Inc (NWE, Financial) is $60.21 with a high estimate of $66.00 and a low estimate of $54.00. The average target implies an upside of 3.71% from the current price of $58.06. More detailed estimate data can be found on the NorthWestern Energy Group Inc (NWE) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, NorthWestern Energy Group Inc's (NWE, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NorthWestern Energy Group Inc (NWE, Financial) in one year is $56.76, suggesting a downside of 2.24% from the current price of $58.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NorthWestern Energy Group Inc (NWE) Summary page.
