NRG Energy Lowered to “Neutral” at Citigroup Inc. (NRG)
NRG Energy (NYSE:NRG) was downgraded by stock analysts at Citigroup Inc. to a “neutral” rating in a report issued on Friday, American Banking and Market News reports.
Shares of NRG Energy (NYSE:NRG) opened at 28.58 on Friday. NRG Energy has a 52 week low of $22.60 and a 52 week high of $30.28. The stock’s 50-day moving average is $27.80 and its 200-day moving average is $27.41. The company has a market cap of $9.243 billion and a P/E ratio of 20.18.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.46. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 49.7% on a year-over-year basis.
A number of other firms have also recently commented on NRG. Analysts at Jefferies Group cut their price target on shares of NRG Energy from $38.00 to $36.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NRG Energy in a research note to investors on Wednesday, November 13th. They now have a $28.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.54.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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