Pepco Holdings Sees Large Decrease in Short Interest (POM)
Pepco Holdings (NYSE:POM) was the target of a significant decline in short interest in the month of May. As of May 30th, there was short interest totalling 5,468,307 shares, a decline of 30.7% from the May 15th total of 7,892,671 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 3,062,011 shares, the short-interest ratio is presently 1.8 days. Approximately 2.2% of the company’s shares are short sold.
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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.21.
Pepco Holdings (NYSE:POM) opened at 27.44 on Wednesday. Pepco Holdings has a 52-week low of $18.04 and a 52-week high of $27.90. The stock has a 50-day moving average of $27.52 and a 200-day moving average of $22.0. The company has a market cap of $6.888 billion and a P/E ratio of 23.35.
Pepco Holdings (NYSE:POM) last announced its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. 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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