Pepco Holdings Given Consensus Rating of “Hold” by Brokerages (NYSE:POM)
Shares of Pepco Holdings (NYSE:POM) have earned an average rating of “Hold” from the nine analysts that are presently covering the stock, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.21.
POM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Pepco Holdings in a research note on Friday, May 23rd. They now have a $29.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Pepco Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Pepco Holdings in a research note on Thursday, May 8th. They now have a $27.25 price target on the stock, up previously from $21.00.
Pepco Holdings (NYSE:POM) opened at 27.20 on Wednesday. Pepco Holdings has a 52-week low of $18.04 and a 52-week high of $27.90. The stock’s 50-day moving average is $26.56 and its 200-day moving average is $21.44. The company has a market cap of $6.828 billion and a price-to-earnings ratio of 23.21. Pepco Holdings also was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 7,892,671 shares, a drop of 39.9% from the April 30th total of 13,126,864 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average trading volume of 7,498,922 shares, the short-interest ratio is presently 1.1 days.
Pepco Holdings (NYSE:POM) last announced its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.24 earnings per share. Pepco Holdings’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Pepco Holdings will post $1.22 earnings per share for the current fiscal year.
Pepco Holdings, Inc (NYSE:POM) is a holding company, that, through regulated public utility subsidiaries, is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas (Power Delivery): Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE).
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