Dynegy PT Lowered to $30.00 (DYN)
Macquarie reduced their price objective on shares of Dynegy (NYSE:DYN) from $35.00 to $30.00 in a research note issued on Monday. The firm currently has a “neutral” rating on the stock. Macquarie’s price objective points to a potential upside of 6.35% from the company’s current price.
Dynegy (NYSE:DYN) traded down 1.16% on Monday, hitting $28.21. 947,508 shares of the company’s stock traded hands. 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 $33.78 and its 200-day moving average is $27.0. The company’s market cap is $2.831 billion.
Dynegy (NYSE:DYN) last released its earnings data 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. On average, analysts predict that Dynegy will post $0.16 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DYN. 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 Zacks upgraded shares of Dynegy from a “neutral” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $34.20 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.58.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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