In a report issued on November 16, Eric Beaumont from Barclays maintained a Hold rating on Centerpoint Energy (CNP), with a price target of $31. The company’s shares closed on Friday at $27.73.
According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -2.2% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Dominion Resources, and Eversource Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centerpoint Energy with a $31 average price target.
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Centerpoint Energy’s market cap is currently $11.97B and has a P/E ratio of 7.82. The company has a Price to Book ratio of 2.54.
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CenterPoint Energy, Inc. is a holding company, which engages in power generation and distribution. It operates through the following segments: Electric Transmission & Distribution; Natural Gas Distribution; Energy Services; Midstream Investments; and Other Operations.
