Entergy (NYSE:ETR) had its price objective decreased by equities research analysts at Morgan Stanley from $82.00 to $76.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential upside of 2.73% from the company’s previous close.
A number of other equities research analysts have also issued reports on ETR. UBS Group assumed coverage on shares of Entergy in a report on Friday, February 2nd. They set a “neutral” rating and a $82.00 price target on the stock. Wells Fargo & Co restated an “outperform” rating and set a $96.00 price target (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Jefferies Group upgraded shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. TheStreet upgraded shares of Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Finally, Bank of America assumed coverage on shares of Entergy in a report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $83.50.
Entergy (ETR) traded down $1.07 during mid-day trading on Tuesday, hitting $73.98. 821,031 shares of the stock were exchanged, compared to its average volume of 1,381,782. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The firm has a market capitalization of $13,452.16, a price-to-earnings ratio of -14.98, a P/E/G ratio of 2.09 and a beta of 0.50.
Entergy Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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