Dynegy Price Target Raised to $34.00 (DYN)
ISI Group boosted their price target on shares of Dynegy (NYSE:DYN) from $30.00 to $34.00 in a research note issued on Monday. ISI Group’s price target would suggest a potential upside of 5.20% from the stock’s previous close.
Shares of Dynegy (NYSE:DYN) opened at 32.32 on Monday. Dynegy has a one year low of $18.11 and a one year high of $36.57. The stock’s 50-day moving average is $28.7 and its 200-day moving average is $28.23. The company’s market cap is $3.244 billion.
Dynegy (NYSE:DYN) last announced its earnings results on Wednesday, August 6th. The company reported ($1.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $1.14. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $572.58 million. During the same quarter in the prior year, the company posted ($1.45) earnings per share. The company’s quarterly revenue was up 73.1% on a year-over-year basis. Analysts expect that Dynegy will post $-0.18 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Macquarie raised their price target on shares of Dynegy from $30.00 to $32.00 in a research note on Monday. Separately, analysts at Goldman Sachs upgraded shares of Dynegy from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $35.00 price target on the stock, up previously from $31.00. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.40.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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