Dynegy Lowered to “Neutral” at Zacks (DYN)
Dynegy (NYSE:DYN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $39.30 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 17.17% from the stock’s previous close.
In other Dynegy news, major shareholder Franklin Resources Inc sold 765,000 shares of Dynegy stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $34.43, for a total transaction of $26,338,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Dynegy (NYSE:DYN) traded up 0.15% on Tuesday, hitting $33.59. The stock had a trading volume of 973,219 shares. Dynegy has a 1-year low of $18.11 and a 1-year high of $36.57. The stock’s 50-day moving average is $34.15 and its 200-day moving average is $26.51. The company’s market cap is $3.371 billion.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.41) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.15) by $0.26. The company had revenue of $762.00 million for the quarter, compared to the consensus estimate of $569.71 million. Dynegy’s revenue was up 139.6% compared to the same quarter last year. Analysts expect that Dynegy will post $0.12 EPS for the current fiscal year.
DYN has been the subject of a number of other recent research reports. Analysts at Macquarie upgraded shares of Dynegy from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $35.00 price target on the stock, up previously from $20.50. Separately, analysts at ISI Group upgraded shares of Dynegy from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. They now have a $40.00 price target on the stock, up previously from $30.00. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.06.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
To view Zacks’ full report, visit Zacks’ official website.
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