Portland General Electric Rating Reiterated by Deutsche Bank (POR)
Portland General Electric (NYSE:POR)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a $32.00 target price on the stock. Deutsche Bank’s target price indicates a potential upside of 13.43% from the company’s current price.
A number of other analysts have also recently weighed in on POR. Analysts at Ladenburg Thalmann cut their price target on shares of Portland General Electric (NYSE:POR) from $34.00 to $32.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp upgraded shares of Portland General Electric (NYSE:POR) from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $31.00 price target on the stock. Finally, analysts at DA Davidson downgraded shares of Portland General Electric (NYSE:POR) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $33.00 price target on the stock, down previously from $35.00. They noted that the move was a valuation call.
Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.00.
Portland General Electric (NYSE:POR) traded up 2.10% on Monday, hitting $28.21. The stock had a trading volume of 1,894,772 shares. Portland General Electric has a 1-year low of $24.86 and a 1-year high of $33.26. The stock has a 50-day moving average of $29.47 and a 200-day moving average of $30.. The company has a market cap of $2.182 billion and a P/E ratio of 22.48.
Portland General Electric (NYSE:POR) last announced its earnings results on Friday, August 2nd. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.64. The company had revenue of $403.00 million for the quarter, compared to the consensus estimate of $357.47 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that Portland General Electric will post $1.31 EPS for the current fiscal year.
Portland General Electric Company (NYSE:POR) is a vertically integrated electric utility engaged in the generation, purchase, transmission, distribution and retail sale of electricity in the state of Oregon.
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