Wisconsin Energy Corp Given New $50.00 Price Target at Robert W. Baird (WEC)
Stock analysts at Robert W. Baird increased their price objective on shares of Wisconsin Energy Corp (NYSE:WEC) from $47.00 to $50.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 8.39% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Wisconsin Energy Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $48.00 price target on the stock. Separately, analysts at ISI Group upgraded shares of Wisconsin Energy Corp from a “cautious” rating to a “neutral” rating in a research note on Tuesday. They now have a $45.50 price target on the stock, up previously from $45.00. Finally, analysts at CRT Capital cut their price target on shares of Wisconsin Energy Corp from $48.00 to $44.00 in a research note on Tuesday. They now have a “fair value” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.61.
Wisconsin Energy Corp (NYSE:WEC) traded up 0.20% during mid-day trading on Wednesday, hitting $46.13. The stock had a trading volume of 2,350,589 shares. Wisconsin Energy Corp has a 1-year low of $39.52 and a 1-year high of $49.21. The stock’s 50-day moving average is $45.72 and its 200-day moving average is $44.30. The company has a market cap of $10.403 billion and a price-to-earnings ratio of 17.33.
Wisconsin Energy Corp (NYSE:WEC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company posted $0.76 earnings per share. Wisconsin Energy Corp’s revenue was up 32.9% compared to the same quarter last year. Analysts expect that Wisconsin Energy Corp will post $2.62 EPS for the current fiscal year.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.