Morgan Stanley has revised its price target for PG&E Corporation (PCG, Financial), raising it to $18.50 from the previous $17.50 while maintaining its Underweight rating on the stock. This update is part of a broader adjustment of price targets for Regulated & Diversified Utilities and Independent Power Producers (IPPs) across North America.
The firm notes that the utility sector showed resilience by outperforming the S&P 500 in March. As the first quarter comes to a close, Morgan Stanley expects it to be relatively uneventful in terms of financial disclosures, labeling it a "quiet quarter." The main areas of interest for investors are anticipated to be centered on tariff risks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for PG&E Corp (PCG, Financial) is $20.34 with a high estimate of $23.00 and a low estimate of $15.00. The average target implies an upside of 16.86% from the current price of $17.41. More detailed estimate data can be found on the PG&E Corp (PCG) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, PG&E Corp's (PCG, Financial) average brokerage recommendation is currently 2.2, 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 PG&E Corp (PCG, Financial) in one year is $18.66, suggesting a upside of 7.21% from the current price of $17.405. 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 PG&E Corp (PCG) Summary page.
