Alliant Energy Stock Rating Upgraded by Zacks (LNT)
Alliant Energy (NYSE:LNT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm currently has a $63.00 price target on the stock. Zacks‘s price target suggests a potential upside of 4.88% from the stock’s previous close.
Alliant Energy (NYSE:LNT) traded down 1.30% on Tuesday, hitting $60.07. 724,436 shares of the company’s stock traded hands. Alliant Energy has a 52-week low of $48.17 and a 52-week high of $60.88. The stock has a 50-day moving average of $58.21 and a 200-day moving average of $55.05. The company has a market cap of $6.664 billion and a price-to-earnings ratio of 17.01.
Alliant Energy (NYSE:LNT) last released its earnings data on Thursday, May 1st. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.14. The company had revenue of $952.80 million for the quarter, compared to the consensus estimate of $850.66 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts predict that Alliant Energy will post $3.50 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Alliant Energy from $54.00 to $59.00 in a research note on Monday, May 5th. Separately, analysts at Macquarie raised their price target on shares of Alliant Energy from $56.00 to $59.00 in a research note on Thursday, April 10th. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Alliant Energy from $60.00 to $62.00 in a research note on Thursday, April 10th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating, Alliant Energy currently has a consensus rating of “Buy” and a consensus price target of $60.17.
Alliant Energy Corporation (NYSE:LNT) operates as a regulated investor-owned public utility holding company.
To view Zacks’ full report, visit Zacks’ official website.
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