Duke Energy Corp. Price Target Cut to $70.00 (DUK)
Research analysts at ISI Group dropped their price target on shares of Duke Energy Corp. (NYSE:DUK) from $74.00 to $70.00 in a report released on Thursday, American Banking News reports. The firm currently has a “neutral” rating on the stock. ISI Group’s price objective would indicate a potential upside of 2.50% from the company’s current price.
DUK has been the subject of a number of other recent research reports. Analysts at Deutsche Bank upgraded shares of Duke Energy Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. They now have a $74.00 price target on the stock. Separately, analysts at Sanford C. Bernstein cut their price target on shares of Duke Energy Corp. from $75.00 to $73.00 in a research note to investors on Friday, September 27th. Finally, analysts at Argus upgraded shares of Duke Energy Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 25th. They now have a $79.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $74.96.
Shares of Duke Energy Corp. (NYSE:DUK) traded up 1.16% on Thursday, hitting $68.29. 2,580,068 shares of the company’s stock traded hands. Duke Energy Corp. has a 52 week low of $59.63 and a 52 week high of $75.46. The stock’s 50-day moving average is $66.36 and its 200-day moving average is $69.3. The company has a market cap of $48.206 billion and a price-to-earnings ratio of 23.87.
Duke Energy Corp. (NYSE:DUK) last announced its earnings results on Wednesday, August 7th. The company reported $0.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.07. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter last year, the company posted $0.27 earnings per share. Duke Energy Corp.’s revenue was up 64.4% compared to the same quarter last year. Analysts expect that Duke Energy Corp. will post $4.31 EPS for the current fiscal year.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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