WGL Holdings Upgraded by Brean Capital to “Buy” (WGL)
WGL Holdings (NYSE:WGL) was upgraded by equities research analysts at Brean Capital from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a $46.00 price target on the stock. Brean Capital’s price objective indicates a potential upside of 13.24% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of WGL Holdings (NYSE:WGL) from $41.00 to $44.00 in a research note to investors on Thursday, August 22nd. They now have an “underweight” rating on the stock. Separately, analysts at Zacks upgraded shares of WGL Holdings (NYSE:WGL) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $49.60 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of WGL Holdings (NYSE:WGL) in a research note to investors on Monday, July 15th. They set a “neutral” rating on the stock.
One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $45.65.
Shares of WGL Holdings (NYSE:WGL) opened at 40.62 on Friday. WGL Holdings has a 52-week low of $35.96 and a 52-week high of $46.96. The stock has a 50-day moving average of $43.66 and a 200-day moving average of $43.80. The company has a market cap of $2.102 billion and a price-to-earnings ratio of 15.03.
WGL Holdings (NYSE:WGL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. The company had revenue of $478.12 million for the quarter, compared to the consensus estimate of $451.44 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that WGL Holdings will post $2.52 earnings per share for the current fiscal year.
WGL Holdings, Inc (NYSE:WGL) is a holding company.
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