PG&E Co. Price Target Raised to $51.00 (PCG)
Equities researchers at CRT Capital lifted their target price on shares of PG&E Co. (NYSE:PCG) from $49.00 to $51.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective indicates a potential upside of 7.85% from the company’s current price.
PCG has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of PG&E Co. from $51.00 to $53.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Argus downgraded shares of PG&E Co. from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. They now have a $51.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of PG&E Co. from $46.00 to $47.00 in a research note on Wednesday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. PG&E Co. has a consensus rating of “Hold” and a consensus target price of $48.30.
Shares of PG&E Co. (NYSE:PCG) opened at 47.29 on Wednesday. PG&E Co. has a 1-year low of $39.42 and a 1-year high of $48.64. The stock’s 50-day moving average is $45.69 and its 200-day moving average is $45.16. The company has a market cap of $22.293 billion and a price-to-earnings ratio of 29.23.
PG&E Co. (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the company posted $0.79 earnings per share. PG&E Co.’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that PG&E Co. will post $3.03 EPS for the current fiscal year.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).