SunTrust Increases Duke Energy Corp Price Target to $74.00 (DUK)
Research analysts at SunTrust raised their target price on shares of Duke Energy Corp (NYSE:DUK) from $73.00 to $74.00 in a report released on Tuesday. SunTrust’s price target suggests a potential upside of 0.01% from the company’s current price.
In other Duke Energy Corp news, EVP Lloyd M. Yates sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $72.64, for a total value of $312,352.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Duke Energy Corp (NYSE:DUK) traded down 0.85% on Tuesday, hitting $73.36. The stock had a trading volume of 1,744,304 shares. Duke Energy Corp has a 1-year low of $64.16 and a 1-year high of $75.13. The stock has a 50-day moving average of $72. and a 200-day moving average of $71.7. The company has a market cap of $51.885 billion and a P/E ratio of 23.77.
Duke Energy Corp (NYSE:DUK) last announced its earnings results on Thursday, August 7th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Duke Energy Corp will post $4.60 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Duke Energy Corp from $80.00 to $81.00 in a research note on Monday, August 25th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Friday, August 22nd. They now have a $77.00 price target on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.75.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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