Duke Energy Corp. Upgraded to “Outperform” by BMO Capital Markets (DUK)
Duke Energy Corp. (NYSE:DUK) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Duke Energy Corp. (NYSE:DUK) opened at 69.01 on Thursday. Duke Energy Corp. has a 1-year low of $64.16 and a 1-year high of $75.46. The stock’s 50-day moving average is $69.83 and its 200-day moving average is $68.93. The company has a market cap of $48.721 billion and a P/E ratio of 20.29.
Duke Energy Corp. (NYSE:DUK) last released its earnings data on Wednesday, November 6th. The company reported $1.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.53 by $0.07. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Duke Energy Corp. will post $4.32 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Duke Energy Corp. in a research note to investors on Wednesday, December 11th. They now have a $76.00 price target on the stock, up previously from $74.00. Separately, analysts at RBC Capital raised their price target on shares of Duke Energy Corp. from $17.00 to $18.00 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock. Finally, analysts at Argus raised their price target on shares of Duke Energy Corp. from $79.00 to $83.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Duke Energy Corp. has a consensus rating of “Buy” and a consensus price target of $70.46.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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