Jefferies Group Increases Xcel Energy Price Target to $32.00 (XEL)
Research analysts at Jefferies Group boosted their target price on shares of Xcel Energy (NYSE:XEL) from $30.50 to $32.00 in a report released on Friday, AR Network reports. Jefferies Group’s price objective indicates a potential upside of 11.38% from the stock’s previous close.
A number of other analysts have also recently weighed in on XEL. Analysts at ISI Group upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Barclays cut their price target on shares of Xcel Energy from $33.00 to $30.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note to investors on Friday, December 27th. They now have a $29.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $30.90.
Xcel Energy (NYSE:XEL) traded up 0.24% on Friday, hitting $28.80. 306,364 shares of the company’s stock traded hands. Xcel Energy has a one year low of $26.90 and a one year high of $31.79. The stock’s 50-day moving average is $28.03 and its 200-day moving average is $28.35. The company has a market cap of $14.332 billion and a price-to-earnings ratio of 15.18.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. Analysts expect that Xcel Energy will post $1.93 EPS for the current fiscal year.
Xcel Energy Inc is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states.
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