Jefferies Group Lowers Dominion Resources Price Target to $72.00 (D)
Stock analysts at Jefferies Group decreased their price target on shares of Dominion Resources (NYSE:D) from $73.50 to $72.00 in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 6.52% from the company’s current price.
Dominion Resources (NYSE:D) traded down 0.07% on Thursday, hitting $67.59. 2,601,828 shares of the company’s stock traded hands. Dominion Resources has a 52-week low of $56.58 and a 52-week high of $73.75. The stock’s 50-day moving average is $69.69 and its 200-day moving average is $69.51. The company has a market cap of $39.311 billion and a P/E ratio of 24.87.
Dominion Resources (NYSE:D) last released its earnings data on Wednesday, July 30th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, analysts predict that Dominion Resources will post $3.51 earnings per share for the current fiscal year.
A number of other firms have also recently commented on D. Analysts at BMO Capital Markets raised their price target on shares of Dominion Resources from $64.00 to $67.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Analysts at JPMorgan Chase & Co. set a $77.00 price target on shares of Dominion Resources in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Dominion Resources has a consensus rating of “Hold” and an average target price of $69.55.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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