PG&E Co.’s Hold Rating Reaffirmed at Deutsche Bank (PCG)
PG&E Co. (NYSE:PCG)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Wednesday. They currently have a $49.50 price target on the stock, up from their previous price target of $48.50. Deutsche Bank’s target price would indicate a potential upside of 4.67% from the stock’s previous close.
PG&E Co. (NYSE:PCG) traded up 0.37% on Wednesday, hitting $47.465. 976,221 shares of the company’s stock traded hands. 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 $22.376 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 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that PG&E Co. will post $3.03 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital raised their price target on shares of PG&E Co. from $49.00 to $51.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.37.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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