CenterPoint Energy Given Average Recommendation of “Buy” by Analysts (NYSE:CNP)
Shares of CenterPoint Energy (NYSE:CNP) have been given a consensus recommendation of “Buy” by the ten brokerages that are covering the company, Stock Ratings Network reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.43.
CNP has been the subject of a number of recent research reports. Analysts at Argus upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $29.00 price target on the stock. Separately, analysts at SunTrust reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Monday, August 4th. They now have a $25.00 price target on the stock, down previously from $26.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of CenterPoint Energy in a research note on Thursday, July 10th. They now have a $29.00 price target on the stock.
CenterPoint Energy (NYSE:CNP) opened at 24.52 on Tuesday. CenterPoint Energy has a 52 week low of $22.46 and a 52 week high of $25.75. The stock’s 50-day moving average is $24.65 and its 200-day moving average is $24.19. The company has a market cap of $10.539 billion and a price-to-earnings ratio of 19.15.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company posted $0.30 earnings per share. CenterPoint Energy’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that CenterPoint Energy will post $1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 13th.
CenterPoint Energy, Inc is a domestic energy delivery company. The Company’s business segments include Electric Transmission and Distribution, Natural Gas Distribution, Competitive Natural Gas Sales and Services, Interstate Pipelines, Field Services and Other Operations.
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