CenterPoint Energy Price Target Raised to $28.00 at BMO Capital Markets (CNP)
Investment analysts at BMO Capital Markets lifted their price target on shares of CenterPoint Energy (NYSE:CNP) from $27.00 to $28.00 in a note issued to investors on Tuesday. BMO Capital Markets’ price objective suggests a potential upside of 10.32% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Friday, June 13th. They now have a $25.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CenterPoint Energy has a consensus rating of “Buy” and an average target price of $26.83.
CenterPoint Energy (NYSE:CNP) traded down 0.63% on Tuesday, hitting $25.38. The stock had a trading volume of 4,410,315 shares. CenterPoint Energy has a 52-week low of $22.46 and a 52-week high of $25.75. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $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 released its earnings data on Thursday, May 1st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. 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.
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.