Entergy Corp. Given New $68.00 Price Target at Jefferies Group (ETR)
Jefferies Group reduced their target price on shares of Entergy Corp. (NYSE:ETR) from $69.50 to $68.00 in a research note issued on Friday, American Banking News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 2.49% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Entergy Corp. from $74.00 to $73.00 in a research note to investors on Monday, September 16th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Entergy Corp. from $63.00 to $57.00 in a research note to investors on Wednesday, September 4th. They now have a “sell” rating on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Entergy Corp. in a research note to investors on Thursday, August 29th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $69.45.
Entergy Corp. (NYSE:ETR) traded down 0.36% during mid-day trading on Friday, hitting $66.35. 1,265,547 shares of the company’s stock traded hands. Entergy Corp. has a 52-week low of $61.09 and a 52-week high of $72.98. The stock has a 50-day moving average of $63.83 and a 200-day moving average of $67.31. The company has a market cap of $11.829 billion and a P/E ratio of 12.39.
Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, July 30th. The company reported $1.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.16 by $0.15. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that Entergy Corp. will post $4.95 earnings per share for the current fiscal year.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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