Ladenburg Thalmann Increases NorthWestern Corp. Price Target to $48.00 (NWE)
Investment analysts at Ladenburg Thalmann increased their price objective on shares of NorthWestern Corp. (NYSE:NWE) from $46.00 to $48.00 in a note issued to investors on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s price objective indicates a potential upside of 6.86% from the company’s current price.
Separately, analysts at Williams Capital raised their price target on shares of NorthWestern Corp. (NYSE:NWE) from $41.00 to $43.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. NorthWestern Corp. currently has a consensus rating of “Hold” and an average price target of $46.00.
Shares of NorthWestern Corp. (NYSE:NWE) traded down 0.04% on Monday, hitting $44.92. 574,641 shares of the company’s stock traded hands. NorthWestern Corp. has a one year low of $32.98 and a one year high of $45.85. The stock has a 50-day moving average of $41.69 and a 200-day moving average of $41.25. The company has a market cap of $1.727 billion and a P/E ratio of 15.79.
NorthWestern Corp. (NYSE:NWE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.05. The company had revenue of $250.16 million for the quarter, compared to the consensus estimate of $249.50 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that NorthWestern Corp. will post $2.54 earnings per share for the current fiscal year.
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to approximately 668,300 customers in Montana, South Dakota and Nebraska.
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