UIL Holdings Corp. Price Target Lowered to $38.00 at Ladenburg Thalmann (UIL)
Equities research analysts at Ladenburg Thalmann decreased their price target on shares of UIL Holdings Corp. (NYSE:UIL) from $40.00 to $38.00 in a research note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Ladenburg Thalmann’s price target would suggest a potential upside of 3.35% from the stock’s previous close.
Shares of UIL Holdings Corp. (NYSE:UIL) traded down 2.67% on Friday, hitting $36.77. 3,727,892 shares of the company’s stock traded hands. UIL Holdings Corp. has a 1-year low of $32.33 and a 1-year high of $42.14. The stock’s 50-day moving average is $37.69 and its 200-day moving average is $39.25. The company has a market cap of $1.874 billion and a P/E ratio of 17.02.
UIL Holdings Corp. (NYSE:UIL) last issued its earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.29.
A number of other firms have also recently commented on UIL. Analysts at Deutsche Bank reiterated a “hold” rating on shares of UIL Holdings Corp. (NYSE:UIL) in a research note to investors on Thursday, August 8th. They now have a $40.50 price target on the stock. Separately, analysts at Robert W. Baird reiterated a “buy” rating on shares of UIL Holdings Corp. (NYSE:UIL) in a research note to investors on Thursday, July 11th. They now have a $45.00 price target on the stock. Finally, analysts at ISI Group cut their price target on shares of UIL Holdings Corp. (NYSE:UIL) from $40.00 to $39.00 in a research note to investors on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.06.
UIL Holdings Corporation (NYSE:UIL) is engaged in the ownership of its operating regulated utility businesses.
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