SCANA Corp. Price Target Cut to $45.00 by Analysts at Goldman Sachs Group Inc. (SCG)
Research analysts at Goldman Sachs Group Inc. decreased their target price on shares of SCANA Corp. (NYSE:SCG) from $46.00 to $45.00 in a report released on Monday, American Banking News.com reports. Goldman Sachs Group Inc.’s price target would suggest a potential downside of 5.12% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of SCANA Corp. from $56.00 to $51.00 in a research note to investors on Friday, October 4th. They now have an “equal weight” rating on the stock. Finally, analysts at Macquarie cut their price target on shares of SCANA Corp. from $52.00 to $49.00 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $50.70.
Shares of SCANA Corp. (NYSE:SCG) traded down 0.40% on Monday, hitting $47.43. 520,465 shares of the company’s stock traded hands. SCANA Corp. has a one year low of $44.72 and a one year high of $54.41. The stock’s 50-day moving average is $49.25 and its 200-day moving average is $50.48. The company has a market cap of $6.639 billion and a price-to-earnings ratio of 13.97.
SCANA Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.07. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $902.07 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that SCANA Corp. will post $3.37 EPS for the current fiscal year.
SCANA Corporation is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.
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