Dynegy Inc. (DYN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Dynegy Inc. (NYSE:DYN) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.34.
DYN has been the topic of several recent analyst reports. SunTrust Banks cut shares of Dynegy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Deutsche Bank cut shares of Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup set a $12.00 price objective on shares of Dynegy and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $12.10 price objective on shares of Dynegy in a research report on Thursday, November 2nd.
In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of Dynegy stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $11.79, for a total transaction of $61,897,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.
Dynegy (DYN) opened at $11.91 on Friday. The firm has a market cap of $1,700.00, a P/E ratio of -51.78 and a beta of 1.90. The company has a current ratio of 1.97, a quick ratio of 1.47 and a debt-to-equity ratio of 5.46. Dynegy has a 1-year low of $5.84 and a 1-year high of $12.84.
Dynegy Company Profile
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
Receive News & Ratings for Dynegy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy and related companies with MarketBeat.com's FREE daily email newsletter.