Portland General Electric Rating Increased to Buy at Deutsche Bank (POR)
Portland General Electric (NYSE:POR) 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 POR. Analysts at Wells Fargo & Co. upgraded shares of Portland General Electric (NYSE:POR) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, September 26th. Separately, 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, September 16th. They now have a “buy” rating on the stock. Finally, 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, September 12th. They now have a $31.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $32.00.
Shares of Portland General Electric (NYSE:POR) traded up 1.06% during mid-day trading on Tuesday, hitting $28.53. The stock had a trading volume of 91,938 shares. Portland General Electric has a 52 week low of $24.86 and a 52 week high of $33.26. The stock has a 50-day moving average of $28.61 and a 200-day moving average of $30.43. The company has a market cap of $2.207 billion and a price-to-earnings ratio of 22.97.
Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the 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 $1.38 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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