PG&E Co. Given Average Recommendation of “Hold” by Analysts (NYSE:PCG)
PG&E Co. (NYSE:PCG) has received a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, ARN reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $47.88.
Shares of PG&E Co. (NYSE:PCG) opened at 43.28 on Monday. PG&E Co. has a 52-week low of $39.42 and a 52-week high of $48.64. The stock’s 50-day moving average is $46.65 and its 200-day moving average is $44.68. The company has a market cap of $20.403 billion and a P/E ratio of 26.58.
PG&E Co. (NYSE:PCG) last announced its earnings results on Thursday, July 31st. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the company posted $0.79 earnings per share. PG&E Co.’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that PG&E Co. will post $3.02 earnings per share for the current fiscal year.
PCG has been the subject of a number of recent research reports. Analysts at CRT Capital reiterated a “buy” rating on shares of PG&E Co. in a research note on Friday, August 1st. They now have a $49.00 price target on the stock, down previously from $50.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PG&E Co. in a research note on Friday, August 1st. They now have a $49.00 price target on the stock, up previously from $47.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of PG&E Co. in a research note on Friday, August 1st. They now have a $50.50 price target on the stock, down previously from $53.00.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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