Wunderlich Increases Alliant Energy Corp. Price Target to $58.00 (LNT)
Investment analysts at Wunderlich lifted their price target on shares of Alliant Energy Corp. (NYSE:LNT) from $56.00 to $58.00 in a note issued to investors on Wednesday, StockRatingsNetwork reports. Wunderlich’s price objective indicates a potential upside of 7.83% from the company’s current price.
Alliant Energy Corp. (NYSE:LNT) traded down 0.04% on Wednesday, hitting $53.77. 474,661 shares of the company’s stock traded hands. Alliant Energy Corp. has a one year low of $46.79 and a one year high of $54.35. The stock has a 50-day moving average of $51.9 and a 200-day moving average of $51.25. The company has a market cap of $5.965 billion and a P/E ratio of 16.50.
Alliant Energy Corp. (NYSE:LNT) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.07. The company had revenue of $632.60 million for the quarter, compared to the consensus estimate of $772.68 million. On average, analysts predict that Alliant Energy Corp. will post $3.38 earnings per share for the current fiscal year.
Separately, analysts at Barclays downgraded shares of Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 6th. They now have a $49.00 price target on the stock, down previously from $55.00.
Alliant Energy Corporation (NYSE:LNT) operates as a regulated investor-owned public utility holding company.
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