Duke Energy Corp Receives Average Rating of “Hold” from Brokerages (NYSE:DUK)
Shares of Duke Energy Corp (NYSE:DUK) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, StockRatingsNetwork reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $70.73.
A number of analysts have recently weighed in on DUK shares. Analysts at SunTrust reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Monday, August 4th. They now have a $71.00 price target on the stock, down previously from $73.00. Separately, analysts at ISI Group raised their price target on shares of Duke Energy Corp from $70.00 to $72.00 in a research note on Tuesday, July 29th. Finally, analysts at JPMorgan Chase & Co. set a $78.00 price target on shares of Duke Energy Corp in a research note on Wednesday, July 9th.
Duke Energy Corp (NYSE:DUK) opened at 72.88 on Wednesday. Duke Energy Corp has a one year low of $64.16 and a one year high of $75.13. The stock’s 50-day moving average is $72.32 and its 200-day moving average is $71.59. The company has a market cap of $51.546 billion and a price-to-earnings ratio of 23.41.
Duke Energy Corp (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Duke Energy Corp will post $4.60 earnings per share for the current fiscal year.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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