UNS Energy Corp Rating Lowered to Neutral at Zacks (UNS)
UNS Energy Corp (NYSE:UNS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, American Banking and Market News reports. They currently have a $54.10 target price on the stock. Zacks‘ price objective would indicate a potential upside of 16.04% from the company’s current price.
UNS Energy Corp (NYSE:UNS) traded up 0.47% during mid-day trading on Tuesday, hitting $46.84. 79,743 shares of the company’s stock traded hands. UNS Energy Corp has a 52 week low of $39.02 and a 52 week high of $51.86. The stock’s 50-day moving average is $46.35 and its 200-day moving average is $47.94. The company has a market cap of $1.943 billion and a P/E ratio of 18.73.
UNS Energy Corp (NYSE:UNS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.22. The company had revenue of $365.20 million for the quarter, compared to the consensus estimate of $365.70 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that UNS Energy Corp will post $2.86 EPS for the current fiscal year.
A number of other firms have also recently commented on UNS. Analysts at Ladenburg Thalmann cut their price target on shares of UNS Energy Corp (NYSE:UNS) from $51.00 to $46.00 in a research note to investors on Thursday, September 5th. They now have a “neutral” rating on the stock. Analysts at Jefferies Group raised their price target on shares of UNS Energy Corp (NYSE:UNS) from $49.50 to $54.50 in a research note to investors on Wednesday, July 31st. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, UNS Energy Corp currently has a consensus rating of “Hold” and an average target price of $51.53.
UNS Energy Corporation, formerly UniSource Energy Corporation, is a holding company. The Company owns the outstanding common stock of Tucson Electric Power Company (NYSE:UNS), UniSource Energy Services, Inc (UES), UniSource Energy Development Company (UED), and Millennium Energy Holdings, Inc (Millennium).
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