CenterPoint Energy Coverage Initiated by Analysts at Credit Suisse (CNP)
Stock analysts at Credit Suisse started coverage on shares of CenterPoint Energy (NYSE:CNP) in a report issued on Thursday. The firm set an “outperform” rating and a $29.00 price target on the stock. Credit Suisse’s price target would indicate a potential upside of 16.47% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of CenterPoint Energy from $26.00 to $27.00 in a research note on Tuesday, July 1st. Separately, analysts at BMO Capital Markets raised their price target on shares of CenterPoint Energy from $27.00 to $28.00 in a research note on Tuesday, July 1st. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of CenterPoint Energy in a research note on Tuesday, July 1st. They now have a $26.00 price target on the stock, up previously from $25.50. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $27.17.
CenterPoint Energy (NYSE:CNP) opened at 24.90 on Thursday. 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 $24.41 and a 200-day moving average of $23.88. The company has a market cap of $10.701 billion and a P/E ratio of 30.74.
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 $1.18 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.
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