Northeast Utilities System Receives Average Recommendation of “Hold” from Analysts (NYSE:NU)
Shares of Northeast Utilities System (NYSE:NU) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $47.17.
Shares of Northeast Utilities System (NYSE:NU) traded up 1.50% on Thursday, hitting $42.67. 296,366 shares of the company’s stock traded hands. Northeast Utilities System has a 52 week low of $40.01 and a 52 week high of $47.60. The stock’s 50-day moving average is $45. and its 200-day moving average is $45.07. The company has a market cap of $13.500 billion and a P/E ratio of 17.69.
Northeast Utilities System (NYSE:NU) last announced its earnings results on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.54 earnings per share. Northeast Utilities System’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Northeast Utilities System will post $2.68 earnings per share for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Northeast Utilities System in a research note on Wednesday, June 18th. They now have a $48.00 price target on the stock.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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