PG&E Corp. (PCG) Posts Quarterly Earnings, Misses Estimates By $0.33 EPS
PG&E Corp. (NYSE:PCG) posted its quarterly earnings results on Tuesday. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.33, American Banking and Market News reports.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of PG&E Corp. from $50.00 to $47.00 in a research note on Friday, January 31st. On a related note, analysts at CRT Capital upgraded shares of PG&E Corp. from a “fair value” rating to a “buy” rating in a research note on Wednesday, January 15th. They now have a $45.00 price target on the stock. Finally, analysts at ISI Group reiterated a “neutral” rating on shares of PG&E Corp. in a research note on Tuesday, January 14th. They now have a $42.00 price target on the stock, down previously from $45.75. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.17.
Shares of PG&E Corp. (NYSE:PCG) opened at 42.20 on Tuesday. PG&E Corp. has a one year low of $39.42 and a one year high of $48.50. The stock’s 50-day moving average is $40.74 and its 200-day moving average is $41.. The company has a market cap of $18.960 billion and a price-to-earnings ratio of 25.87.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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