ITC Holdings is Among the Companies in the Electric Utilities Industry With the Highest Price to Forward Sales (ITC, PPL, MGEE, NEE, IDA)
Below are the three companies in the Electric Utilities industry with the highest price to forward sales ratios. The ratio shows how much Wall Street values every dollar of the company's future sales and is useful in comparing comparable companies. Generally the lower the ratio, the more attractive the investment.
ITC Holdings ranks highest with a a price to forward sales ratio of 5.56. Following is PPL with a a price to forward sales ratio of 3.12. MGE Energy ranks third highest with a a price to forward sales ratio of 2.94.
NextEra Energy follows with a a price to forward sales ratio of 2.88, and IDACORP rounds out the top five with a a price to forward sales ratio of 2.88.
SmarTrend recommended that subscribers consider buying shares of PPL on September 25th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $31.80. Since that recommendation, shares of PPL have risen 18.4%. We continue to monitor PPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest price to forward sales itc holdings mge energy nextera energy idacorp