Great Plains Energy PT Lowered to $23.00 (GXP)
Equities research analysts at Wunderlich cut their price target on shares of Great Plains Energy (NYSE:GXP) from $25.00 to $23.00 in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Wunderlich’s price target indicates a potential upside of 0.35% from the company’s current price.
Great Plains Energy (NYSE:GXP) traded up 1.78% on Thursday, hitting $22.92. 792,786 shares of the company’s stock traded hands. Great Plains Energy has a one year low of $19.64 and a one year high of $24.65. The stock has a 50-day moving average of $22.12 and a 200-day moving average of $23.06. The company has a market cap of $3.517 billion and a P/E ratio of 14.45.
Great Plains Energy (NYSE:GXP) last announced its earnings results on Thursday, August 8th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $600.30 million for the quarter, compared to the consensus estimate of $607.65 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Great Plains Energy will post $1.58 EPS for the current fiscal year.
Separately, analysts at Argus raised their price target on shares of Great Plains Energy from $25.00 to $27.00 in a research note to investors on Monday, August 19th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Great Plains Energy currently has an average rating of “Hold” and a consensus target price of $24.08.
Great Plains Energy Incorporated (NYSE:GXP) is a public utility holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.