NorthWestern Corp. PT Raised to $51.00 at Ladenburg Thalmann (NWE)
Analysts at Ladenburg Thalmann raised their target price on shares of NorthWestern Corp. (NYSE:NWE) from $48.00 to $51.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s target price would indicate a potential upside of 9.44% from the company’s current price.
Shares of NorthWestern Corp. (NYSE:NWE) opened at 46.60 on Friday. NorthWestern Corp. has a one year low of $32.98 and a one year high of $44.33. The stock’s 50-day moving average is $41.31 and its 200-day moving average is $40.92. The company has a market cap of $1.792 billion and a price-to-earnings ratio of 16.31.
NorthWestern Corp. (NYSE:NWE) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. The company had revenue of $262.30 million for the quarter, compared to the consensus estimate of $244.60 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that NorthWestern Corp. will post $2.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, December 11th.
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to approximately 668,300 customers in Montana, South Dakota and Nebraska.
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