Dominion Resources Inc. (Virginia)’s Buy Rating Reaffirmed at Macquarie (D)
Dominion Resources Inc. (Virginia) (NYSE:D)‘s stock had its “buy” rating restated by Macquarie in a research note issued on Tuesday, StockRatingsNetwork.com reports. They currently have a $63.00 price objective on the stock. Macquarie’s price target would indicate a potential upside of 0.88% from the stock’s previous close.
Dominion Resources Inc. (NYSE:D) traded down 0.30% on Tuesday, hitting $62.45. 2,714,101 shares of the company’s stock traded hands. Dominion Resources Inc. has a 1-year low of $48.94 and a 1-year high of $64.04. The stock’s 50-day moving average is $59.4 and its 200-day moving average is $58.61. The company has a market cap of $36.160 billion and a price-to-earnings ratio of 146.01.
Dominion Resources Inc. (Virginia) (NYSE:D) last released its earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.04. During the same quarter last year, the company posted $0.59 earnings per share. Analysts expect that Dominion Resources Inc. will post $3.33 EPS for the current fiscal year.
A number of other firms have also recently commented on D. Analysts at Jefferies Group raised their price target on shares of Dominion Resources Inc. (Virginia) (NYSE:D) from $68.00 to $70.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at ISI Group upgraded shares of Dominion Resources Inc. (Virginia) (NYSE:D) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 16th. They now have a $66.00 price target on the stock, up previously from $61.00. Finally, analysts at Barclays Capital raised their price target on shares of Dominion Resources Inc. (Virginia) (NYSE:D) from $66.00 to $68.00 in a research note to investors on Friday, September 13th. They now have an “overweight” rating on the stock.
Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $69.93.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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