Northeast Utilities Coverage Initiated by Analysts at Morgan Stanley (NU)
Equities research analysts at Morgan Stanley assumed coverage on shares of Northeast Utilities (NYSE:NU) in a research note issued to investors on Monday, American Banking and Market News reports. The firm set an “equal weight” rating and a $43.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 4.83% from the stock’s previous close.
The analysts wrote, “NU offers robust annual earnings growth of 6-9% to 2015. While this growth is attractive, upside in shares is tempered by transmission headwinds, already bullish consensus EPS expectations, and a more modest longer-term growth outlook. We see these dynamics delaying any multiple expansion.”
NU has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Northeast Utilities in a research note to investors on Monday, September 30th. They now have a $44.00 price target on the stock. Separately, analysts at Argus upgraded shares of Northeast Utilities from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a $49.00 price target on the stock, up previously from $41.44. Finally, analysts at CIBC raised their price target on shares of Northeast Utilities from $46.00 to $47.00 in a research note to investors on Wednesday, September 18th. They now have a “sector underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Northeast Utilities currently has an average rating of “Hold” and an average price target of $46.23.
Northeast Utilities (NYSE:NU) traded up 0.02% on Monday, hitting $41.03. The stock had a trading volume of 201,213 shares. Northeast Utilities has a 52 week low of $37.53 and a 52 week high of $45.66. The stock’s 50-day moving average is $41.05 and its 200-day moving average is $42.72. The company has a market cap of $12.914 billion and a P/E ratio of 16.63.
Northeast Utilities (NYSE:NU) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Northeast Utilities’s revenue was up .4% compared to the same quarter last year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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