NextEra Energy Receives Consensus Recommendation of “Buy” from Analysts (NYSE:NEE)
Shares of NextEra Energy (NYSE:NEE) have been given a consensus rating of “Buy” by the eighteen analysts that are covering the company, American Banking and Market News reports. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $89.93.
Shares of NextEra Energy (NYSE:NEE) traded down 0.77% during mid-day trading on Monday, hitting $91.22. The stock had a trading volume of 3,234,471 shares. NextEra Energy has a 52-week low of $71.42 and a 52-week high of $92.25. The stock’s 50-day moving average is $86.14 and its 200-day moving average is $84.1. The company has a market cap of $39.589 billion and a price-to-earnings ratio of 208.93.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.02. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that NextEra Energy will post $5.31 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NextEra Energy in a research note to investors on Wednesday, January 29th. They now have a $93.00 price target on the stock. Separately, analysts at UBS AG raised their EPS on shares of NextEra Energy in a research note to investors on Thursday, January 23rd. They now have a “hold” rating and a $93.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of NextEra Energy from $94.00 to $91.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock.
NextEra Energy, Inc (NYSE:NEE) is one of the electric power companies in North America, with over 42,000 megawatt of generating capacity in 26 states in the United States and four provinces in Canada.
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