Northeast Utilities System Given Consensus Recommendation of “Hold” by Brokerages (NYSE:NU)
Shares of Northeast Utilities System (NYSE:NU) have been given a consensus rating of “Hold” by the ten brokerages that are covering the company, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $47.75.
A number of analysts have recently weighed in on NU shares. Analysts at Zacks reiterated a “neutral” rating on shares of Northeast Utilities System in a research note on Wednesday, June 18th. They now have a $48.00 price target on the stock. Finally, 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.
Northeast Utilities System (NYSE:NU) remained flat at $46.45 during trading on Monday. 144,807 shares of the company’s stock traded hands. Northeast Utilities System has a one year low of $39.51 and a one year high of $47.60. The stock has a 50-day moving average of $45.62 and a 200-day moving average of $44.23. The company has a market cap of $14.678 billion and a P/E ratio of 18.51.
Northeast Utilities System (NYSE:NU) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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