Westar Energy Upgraded by Ladenburg Thalmann to Buy (WR)
Westar Energy (NYSE:WR) was upgraded by analysts at Ladenburg Thalmann from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $39.00 price target on the stock, up from their previous price target of $36.00. Ladenburg Thalmann’s target price would indicate a potential upside of 10.11% from the company’s current price.
WR has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Westar Energy from $38.00 to $39.00 in a research note on Friday. Separately, analysts at SunTrust raised their price target on shares of Westar Energy from $34.00 to $37.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at ISi cut their price target on shares of Westar Energy from $37.00 to $34.00 in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $36.98.
Shares of Westar Energy (NYSE:WR) traded up 0.62% on Monday, hitting $35.42. 1,610,675 shares of the company’s stock traded hands. Westar Energy has a 52-week low of $29.79 and a 52-week high of $36.35. The stock’s 50-day moving average is $35.29 and its 200-day moving average is $33.41. The company has a market cap of $4.566 billion and a P/E ratio of 14.75.
Westar Energy (NYSE:WR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.06. The company had revenue of $628.55 million for the quarter, compared to the consensus estimate of $582.77 million. During the same quarter last year, the company posted $0.40 earnings per share. Westar Energy’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Westar Energy will post $2.38 earnings per share for the current fiscal year.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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