NextEra Energy Given New $82.00 Price Target at Deutsche Bank (NEE)
Equities researchers at Deutsche Bank boosted their target price on shares of NextEra Energy (NYSE:NEE) from $80.00 to $82.00 in a research report issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 1.98% from the stock’s previous close.
Shares of NextEra Energy (NYSE:NEE) traded up 0.42% during mid-day trading on Wednesday, hitting $80.41. 1,867,851 shares of the company’s stock traded hands. NextEra Energy has a 1-year low of $66.05 and a 1-year high of $88.39. The stock’s 50-day moving average is $80.90 and its 200-day moving average is $80.62. The company has a market cap of $34.147 billion and a price-to-earnings ratio of 19.63.
NextEra Energy (NYSE:NEE) last released its earnings data on Tuesday, July 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.18. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that NextEra Energy will post $4.95 EPS for the current fiscal year.
A number of other firms have also recently commented on NEE. Analysts at UBS AG initiated coverage on shares of NextEra Energy (NYSE:NEE) in a research note to investors on Monday. They set a “neutral” rating and a $79.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NextEra Energy (NYSE:NEE) in a research note to investors on Thursday, September 19th. They now have a $87.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of NextEra Energy (NYSE:NEE) from $87.00 to $96.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $86.53.
NextEra Energy, Inc (NYSE:NEE) is one of the electric power companies in North America, with over 42,000 megawatt of generating capacity in 26 states in the United States and four provinces in Canada.
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