Northeast Utilities System Given New $51.00 Price Target at UBS AG (NU)
UBS AG upped their price target on shares of Northeast Utilities System (NYSE:NU) from $47.00 to $51.00 in a research note issued on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 11.43% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Northeast Utilities System in a research note on Friday, May 2nd. They now have a $50.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Northeast Utilities System from $52.00 to $54.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Northeast Utilities System in a research note on Wednesday, April 23rd. They now have a $47.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Northeast Utilities System has an average rating of “Hold” and a consensus target price of $48.10.
Shares of Northeast Utilities System (NYSE:NU) opened at 45.77 on Wednesday. Northeast Utilities System has a 52 week low of $39.35 and a 52 week high of $47.60. The stock has a 50-day moving average of $45.81 and a 200-day moving average of $43.59. The company has a market cap of $14.463 billion and a price-to-earnings ratio of 18.51.
Northeast Utilities System (NYSE:NU) last released its earnings data on Thursday, May 1st. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $1.96 billion. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Northeast Utilities System will post $2.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.3925 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, May 28th.
Northeast Utilities (NYSE:NU) is a public utility holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.