UIL Holdings Corp. Now Covered by Bank of America Corp. (UIL)
Equities research analysts at Bank of America Corp. started coverage on shares of UIL Holdings Corp. (NYSE:UIL) in a research note issued to investors on Monday, Analyst Ratings News reports. The firm set a “neutral” rating on the stock.
In other UIL Holdings Corp. news, Director Arnold Chase bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $37.25 per share, for a total transaction of $372,500.00. Following the completion of the acquisition, the director now directly owns 427,377 shares in the company, valued at approximately $15,919,793. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on UIL. Analysts at Ladenburg Thalmann cut their price target on shares of UIL Holdings Corp. from $40.00 to $38.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of UIL Holdings Corp. in a research note to investors on Thursday, August 8th. They now have a $40.50 price target on the stock. Finally, analysts at Robert W. Baird reiterated a “buy” rating on shares of UIL Holdings Corp. in a research note to investors on Thursday, July 11th. They now have a $45.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.06.
Shares of UIL Holdings Corp. (NYSE:UIL) opened at 36.97 on Monday. UIL Holdings Corp. has a 52 week low of $32.33 and a 52 week high of $42.14. The stock has a 50-day moving average of $37.25 and a 200-day moving average of $39.18. The company has a market cap of $1.884 billion and a P/E ratio of 16.65.
UIL Holdings Corp. (NYSE:UIL) last announced its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.29.
UIL Holdings Corporation (NYSE:UIL) is engaged in the ownership of its operating regulated utility businesses.
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