Entergy Corp. Price Target Cut to $73.00 (ETR)
Deutsche Bank cut their target price on shares of Entergy Corp. (NYSE:ETR) from $74.00 to $73.00 in a research note issued on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 14.47% from the company’s current price.
A number of other analysts have also recently weighed in on ETR. Analysts at UBS AG cut their price target on shares of Entergy Corp. (NYSE:ETR) from $63.00 to $57.00 in a research note to investors on Wednesday, September 4th. They now have a “sell” rating on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Entergy Corp. (NYSE:ETR) in a research note to investors on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, analysts at ISI Group upgraded shares of Entergy Corp. (NYSE:ETR) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 29th.
One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $69.59.
Shares of Entergy Corp. (NYSE:ETR) traded up 1.08% during mid-day trading on Monday, hitting $63.77. 1,397,477 shares of the company’s stock traded hands. Entergy Corp. has a 52 week low of $61.09 and a 52 week high of $72.98. The stock’s 50-day moving average is $65.07 and its 200-day moving average is $67.14. The company has a market cap of $11.369 billion and a price-to-earnings ratio of 11.74.
Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, July 30th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.15. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Entergy Corp. will post $4.95 earnings per share for the current fiscal year.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.