Northeast Utilities System Receives Average Recommendation of “Hold” from Analysts (NYSE:NU)
Shares of Northeast Utilities System (NYSE:NU) have earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Analyst Ratings Net reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.00.
Shares of Northeast Utilities System (NYSE:NU) opened at 43.48 on Thursday. Northeast Utilities System has a one year low of $40.01 and a one year high of $47.60. The stock has a 50-day moving average of $45.37 and a 200-day moving average of $45.04. The company has a market cap of $13.756 billion and a price-to-earnings ratio of 17.86.
Northeast Utilities System (NYSE:NU) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Northeast Utilities System will post $2.69 earnings per share for the current fiscal year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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