Dominion Resources Inc. (Virginia) Stock Rating Upgraded by Morgan Stanley (D)
Dominion Resources Inc. (Virginia) (NYSE:D) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Stock Ratings Network reports.
Dominion Resources Inc. (NYSE:D) traded down 0.90% on Monday, hitting $67.17. The stock had a trading volume of 2,851,997 shares. Dominion Resources Inc. has a one year low of $52.13 and a one year high of $67.97. The stock’s 50-day moving average is $64.51 and its 200-day moving average is $61.74. The company has a market cap of $38.988 billion and a P/E ratio of 64.49.
Dominion Resources Inc. (Virginia) (NYSE:D) last announced its earnings results on Tuesday, November 5th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.08. During the same quarter last year, the company posted $0.92 earnings per share. On average, analysts predict that Dominion Resources Inc. will post $3.34 earnings per share for the current fiscal year.
D has been the subject of a number of other recent research reports. Analysts at UBS AG upgraded shares of Dominion Resources Inc. (Virginia) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $72.00 price target on the stock, up previously from $63.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Dominion Resources Inc. (Virginia) in a research note to investors on Wednesday, December 11th. They now have a $66.00 price target on the stock, up previously from $64.00. Finally, analysts at Atlantic Securities downgraded shares of Dominion Resources Inc. (Virginia) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Dominion Resources Inc. (Virginia) has an average rating of “Hold” and an average target price of $64.18.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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