Macquarie Initiates Coverage on Duke Energy Corp. (DUK)
Equities researchers at Macquarie began coverage on shares of Duke Energy Corp. (NYSE:DUK) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on DUK. Analysts at ISI Group cut their price target on shares of Duke Energy Corp. from $74.00 to $70.00 in a research note to investors on Thursday, October 10th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Duke Energy Corp. has an average rating of “Buy” and an average target price of $75.04.
Shares of Duke Energy Corp. (NYSE:DUK) opened at 68.58 on Tuesday. 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 $66.56 and its 200-day moving average is $69.30. The company has a market cap of $48.411 billion and a P/E ratio of 24.25.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. 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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