Alliant Energy Price Target Increased to $66.00 by Analysts at Argus (LNT)
Equities research analysts at Argus lifted their price target on shares of Alliant Energy (NYSE:LNT) from $59.00 to $66.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 12.46% from the company’s current price.
Alliant Energy (NYSE:LNT) opened at 58.69 on Thursday. Alliant Energy has a 52-week low of $48.17 and a 52-week high of $60.89. The stock has a 50-day moving average of $58.30 and a 200-day moving average of $55.17. The company has a market cap of $6.511 billion and a price-to-earnings ratio of 16.79.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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.
A number of other analysts have also recently weighed in on LNT. Analysts at Zacks upgraded shares of Alliant Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $63.00 price target on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $61.33.
Alliant Energy Corporation (NYSE:LNT) operates as a regulated investor-owned public utility holding company.
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