Barclays Increases CenterPoint Energy Price Target to $27.00 (CNP)
Analysts at Barclays lifted their price objective on shares of CenterPoint Energy (NYSE:CNP) from $26.00 to $27.00 in a research report issued to clients and investors on Tuesday. Barclays’ target price points to a potential upside of 6.38% from the stock’s previous close.
A number of other analysts have also recently weighed in on CNP. Analysts at BMO Capital Markets raised their price target on shares of CenterPoint Energy from $27.00 to $28.00 in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of CenterPoint Energy in a research note on Tuesday. They now have a $26.00 price target on the stock, up previously from $25.50. Finally, analysts at RBC Capital raised their price target on shares of CenterPoint Energy from $26.00 to $28.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CenterPoint Energy has an average rating of “Buy” and an average target price of $26.83.
CenterPoint Energy (NYSE:CNP) traded down 0.63% during mid-day trading on Tuesday, hitting $25.38. 4,410,315 shares of the company’s stock traded hands. CenterPoint Energy has a one year low of $22.46 and a one year high of $25.75. The stock’s 50-day moving average is $24.25 and its 200-day moving average is $23.81. The company has a market cap of $10.907 billion and a P/E ratio of 31.53.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, May 1st. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.12. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company posted $0.34 earnings per share. CenterPoint Energy’s revenue was up 32.5% compared to the same quarter last year. Analysts expect that CenterPoint Energy will post $1.16 EPS for the current fiscal year.
CenterPoint Energy, Inc is a domestic energy delivery company. The Company’s business segments include Electric Transmission and Distribution, Natural Gas Distribution, Competitive Natural Gas Sales and Services, Interstate Pipelines, Field Services and Other Operations.
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