Zacks Upgrades Empire District Electric to Outperform (EDE)
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.
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