Duke Energy Corp. Rating Increased to Buy at Deutsche Bank (DUK)
Duke Energy Corp. (NYSE:DUK) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on DUK. Analysts at Sanford C. Bernstein cut their price target on shares of Duke Energy Corp. (NYSE:DUK) from $75.00 to $73.00 in a research note to investors on Friday. Separately, analysts at Argus upgraded shares of Duke Energy Corp. (NYSE:DUK) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 25th. They now have a $79.00 price target on the stock. Finally, analysts at Barclays Capital reiterated a “buy” rating on shares of Duke Energy Corp. (NYSE:DUK) in a research note to investors on Tuesday, September 3rd. They now have a $78.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $74.92.
Duke Energy Corp. (NYSE:DUK) traded up 0.33% on Tuesday, hitting $67.00. 342,278 shares of the company’s stock traded hands. Duke Energy Corp. has a 52-week low of $59.63 and a 52-week high of $75.46. The stock has a 50-day moving average of $66.6 and a 200-day moving average of $69.5. The company has a market cap of $47.296 billion and a P/E ratio of 23.61.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.07. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, analysts predict that Duke Energy Corp. will post $4.31 earnings per share for the current fiscal year.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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