Citigroup Inc. Downgrades Entergy Corp. to Sell (ETR)
Entergy Corp. (NYSE:ETR) was downgraded by stock analysts at Citigroup Inc. to a “sell” rating in a report issued on Friday, American Banking & Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Entergy Corp. in a research note to investors on Monday. They set a “neutral” rating and a $62.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Entergy Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 10th. They now have a $64.00 price target on the stock, down previously from $70.00. Finally, analysts at ISI Group downgraded shares of Entergy Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $64.00 price target on the stock, down previously from $70.00. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $67.17.
Shares of Entergy Corp. (NYSE:ETR) opened at 61.84 on Friday. Entergy Corp. has a 1-year low of $60.22 and a 1-year high of $72.60. The stock’s 50-day moving average is $62.35 and its 200-day moving average is $65.3. The company has a market cap of $11.027 billion and a P/E ratio of 13.13.
Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.25. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Entergy Corp. will post $4.98 EPS for the current fiscal year.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.