PG&E Corp. Price Target Cut to $50.00 (PCG)
Research analysts at Jefferies Group decreased their price target on shares of PG&E Corp. (NYSE:PCG) from $51.50 to $50.00 in a report released on Friday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 18.71% from the stock’s previous close.
PG&E Corp. (NYSE:PCG) opened at 42.12 on Friday. PG&E Corp. has a one year low of $39.40 and a one year high of $48.50. The stock’s 50-day moving average is $43.11 and its 200-day moving average is $44.82. The company has a market cap of $18.750 billion and a price-to-earnings ratio of 19.69.
PG&E Corp. (NYSE:PCG) last released its earnings data on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.08. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that PG&E Corp. will post $2.64 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of PG&E Corp. from $48.00 to $44.00 in a research note to investors on Tuesday, October 1st. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PG&E Corp. in a research note to investors on Monday, September 23rd. They now have a $44.00 price target on the stock. Finally, analysts at Macquarie cut their price target on shares of PG&E Corp. from $45.00 to $43.00 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.85.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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