You should consider shares of Tencent Music Entertainment Group (NYSE:TME) and NiSource Inc. (NYSE:NI) if you are looking for a great stocks to invest in. Starting with the TME shares, which traded at $12.38 at the close of the recent session, dropping -1.28%. On Tuesday, the company’s shares shed -$0.16 from its value which represented in intraday trading. TME’s intraday high was $12.445 while its lowest price touched $12.2501. The stock’s 52-week high price is $19.97, which means the current price is at -38.01%. In terms of trading activity, the daily trading volume fell to 3293540 against 200-day average trading volume of 5,565,316 shares.
What are analyst forecasts for Tencent Music Entertainment Group (NYSE:TME)?
At a consensus rating of 4.60, TME is trending as a streaking Strong Buy, as it has been the case a month ago when 10 analysts called it a Strong Buy. Two months ago, 9 analysts recommended, on average, that TME stock is a Strong Buy. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $12.32 on the day.
Forecasts for Tencent Music Entertainment Group (NYSE:TME) give the stock a fair value for the growth of 23.58% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $16.20, which means the price per share could rise by nearly $3.82. The price range target is between a low of $12.40 and a high of $19.00. The stock would need to gain by about $34.84 to hit the estimated high or 0.95% from its 12-month low.
The consensus among 19 analysts is that it is a good time for one to Overweight in the Tencent Music Entertainment Group. 13 analysts rate TME as a Buy, with 0 of 19 analysts rate it as a Sell. 0 have valued the stock as Overweight and 6 have recommended that investors Hold.
Tencent Music Entertainment Group (NYSE:TME) Upgrades and Downgrades
In terms of rating changes, Jefferies on August 05, 2019, Initiated Tencent Music Entertainment Group (TME) at Buy. Analysts at Loop Capital have assigned a Buy rating for the stock in their research note on June 04, 2019. Moreover, Credit Suisse analysts issued a rating of Neutral for the stock on March 21, 2019. On February 12, 2019, the stock earned a Outperform rating due to an analyst call from Macquarie, while analysts from HSBC Securities on January 18, 2019 suggested that the stock is Buy.
NiSource Inc. (NYSE:NI) adds $0.23 on Tuesday
The NI stock has risen 4.18% year-to-date and is currently trading at $26.41, which is -13.89% below its 52-week high. The company shares gained 0.88% on the day and have risen nearly 8.39% off a low hit. At current levels, NiSource Inc. has a valuation of about $5.27B. As of 12/03/19, this stock has fallen -0.53% during the week and closed at $26.18 in the previous session. However, recent NiSource Inc. stock performance shows that NI shares are -4.48% down over the last month, and -12.58% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.36, with the trailing 12-month share earnings at $1.23. Over the next 5-year period, earnings per share will be 4.20%. But will the NI stock surprise in the current quarter results, where the $0 actual EPS reported on 9/29/2019 surprised by -100.00% or was lower by -$0.04 from the estimated $0.04.
Sales Growth to climb 4.10% for the year
How well will NiSource Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.35B and $1.52B in current quarter sales. The consensus estimated for the current quarter is $1.47B from sales. Forecasts for this fiscal year are between $5.16B and $5.35B and the consensus estimate for sales is at $5.3B. NI has its next quarter sales estimates at between $1.93B and $2.03B, with the quarter-over-quarter growth estimates at 5.90% and the annual growth forecast for the year at 4.10%.
Who owns shares in NiSource Inc. (NI)?
Let’s briefly focus on the share ownership of the NiSource Inc. (NYSE:NI) stock, where we find that 95.32% of shares are held by institutions. Price (T.Rowe) Associates Inc tops the list of institutional owners as it is holding 50.94 million shares or 13.64% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 44.08 million and 31.26 million representing 11.80% and 8.37% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 19.13 million shares at over 572.5 million. This represented 5.12% of shares outstanding. Zimmer Partners, LP held 14.73 million shares at over 440.6 million representing 3.94% of shares outstanding.
NI Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at NiSource Inc. (NI), a total of 147523 shares have been sold by insiders over the last 6 months while 21698 shares were added in the same time span. On 2/28/2019, by the name Hamrock Joseph J sold 59196.0 shares worth $1.6 million at the price of $26.98 per share. Filings also show that Vegas Pablo A sold a total of 39618.0 shares on 8/02/2019 valued at $1.2 million. Since the last insider activity, the company’s share price has dropped -11.11%.