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Empire District Electric (NYSE:EDE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm currently has a $27.20 price target on the stock. Zacks‘s price target points to a potential upside of 6.04% from the company’s current price.

Empire District Electric (NYSE:EDE) traded down 0.12% during mid-day trading on Tuesday, hitting $25.65. 199,780 shares of the company’s stock traded hands. Empire District Electric has a 1-year low of $20.77 and a 1-year high of $25.71. The stock has a 50-day moving average of $24.23 and a 200-day moving average of $23.64. The company has a market cap of $1.108 billion and a P/E ratio of 15.47.

Empire District Electric (NYSE:EDE) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.07. On average, analysts predict that Empire District Electric will post $1.47 earnings per share for the current fiscal year.

The Empire District Electric Company (NYSE:EDE) incorporated on October 16, 1909, is an operating public utility engaged in the generation, purchase, transmission, distribution and sale of electricity in parts of Missouri, Kansas, Oklahoma and Arkansas.

To view Zacks’ full report, visit Zacks’ official website.

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