Dynegy Given Average Recommendation of “Hold” by Brokerages (NYSE:DYN)
Shares of Dynegy (NYSE:DYN) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, American Banking News reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $28.83.
A number of analysts have recently weighed in on DYN shares. Analysts at ISI Group downgraded shares of Dynegy from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 14th. Separately, analysts at Zacks downgraded shares of Dynegy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $39.30 price target on the stock. Finally, 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.
Shares of Dynegy (NYSE:DYN) opened at 28.25 on Monday. Dynegy has a 52 week low of $18.11 and a 52 week high of $36.57. The stock has a 50-day moving average of $33.78 and a 200-day moving average of $27.0. The company’s market cap is $2.835 billion.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was up 139.6% on a year-over-year basis. On average, analysts predict that Dynegy will post $0.16 earnings per share for the current fiscal year.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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