Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Ameren Corp (AEE) today and set a price target of $69. The company’s shares closed yesterday at $70.76, close to its 52-week high of $70.96.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.4% and a 57.0% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and NextEra Energy Inc.
Ameren Corp has an analyst consensus of Hold, with a price target consensus of $68.50, implying a -3.2% downside from current levels. In a report issued on January 28, SunTrust Robinson also maintained a Hold rating on the stock with a $67 price target.
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Ameren Corp’s market cap is currently $17.28B and has a P/E ratio of 25.34. The company has a Price to Book ratio of 2.26.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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Ameren Corp. operates as a public utility holding company that provides electric and natural gas services. It operates through the following business segments: Ameren Missouri and Ameren Illinois.
