Consol Energy Price Target Increased to $50.00 by Analysts at Raymond James (CNX)
Stock analysts at Raymond James boosted their target price on shares of Consol Energy (NYSE:CNX) from $40.00 to $50.00 in a report issued on Thursday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 41.16% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Consol Energy (NYSE:CNX) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a $43.00 price target on the stock, up previously from $35.00. Separately, analysts at Macquarie initiated coverage on shares of Consol Energy (NYSE:CNX) in a research note to investors on Friday, September 6th. They set an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Consol Energy (NYSE:CNX) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.40.
Consol Energy (NYSE:CNX) traded up 2.58% during mid-day trading on Thursday, hitting $35.42. 3,364,517 shares of the company’s stock traded hands. Consol Energy has a 1-year low of $26.25 and a 1-year high of $37.39. The stock’s 50-day moving average is $33.33 and its 200-day moving average is $32.36. The company has a market cap of $8.106 billion and a price-to-earnings ratio of 63.36.
Consol Energy (NYSE:CNX) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.20. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 16.3% on a year-over-year basis. Analysts expect that Consol Energy will post $0.38 EPS for the current fiscal year.
CONSOL Energy Inc (NYSE:CNX) is a producer of coal and natural gas for global energy and raw material markets, which include the electric power generation industry and the steelmaking industry.
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