Jefferies Group Increases Entergy Price Target to $79.00 (ETR)
Analysts at Jefferies Group upped their price target on shares of Entergy (NYSE:ETR) from $72.00 to $79.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential upside of 0.50% from the stock’s previous close.
Shares of Entergy (NYSE:ETR) opened at 78.61 on Friday. Entergy has a one year low of $60.22 and a one year high of $78.80. The stock’s 50-day moving average is $73.76 and its 200-day moving average is $66.20. The company has a market cap of $14.101 billion and a price-to-earnings ratio of 14.37.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.90. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that Entergy will post $6.10 EPS for the current fiscal year.
A number of other firms have also recently commented on ETR. Analysts at Wolfe Research upgraded shares of Entergy from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Entergy in a research note on Thursday, April 24th. They now have a $61.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Entergy in a research note on Wednesday, April 23rd. They now have a $73.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Entergy currently has an average rating of “Hold” and an average price target of $69.50.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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