Analysts have been eager to weigh in on the Utilities sector with new ratings on Chevron Corp (CVX) and Eversource Energy (ES).
Chevron Corp (CVX)
In a report released yesterday, William Featherston from Credit Suisse maintained a Buy rating on Chevron Corp, with a price target of $130. The company’s shares closed yesterday at $111.39.
According to TipRanks.com, Featherston is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.3% and a 43.0% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Oasis Petroleum Inc, Anadarko Petroleum, and Chesapeake Energy.
Currently, the analyst consensus on Chevron Corp is a Moderate Buy with an average price target of $132, representing a 18.5% upside. In a report issued on January 10, Barclays also maintained a Buy rating on the stock with a $136 price target.
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Eversource Energy (ES)
Credit Suisse analyst Michael Weinstein W. maintained a Hold rating on Eversource Energy yesterday and set a price target of $70. The company’s shares closed yesterday at $68.30, close to its 52-week high of $70.53.
According to TipRanks.com, W. is a 2-star analyst with an average return of -0.9% and a 40.0% success rate. W. covers the Utilities sector, focusing on stocks such as NextEra Energy Inc, Black Hills Corp, and Southern Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eversource Energy with a $69.40 average price target.
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