Guggenheim analyst Shahriar Pourreza reiterated a Buy rating on Eversource Energy (ES) yesterday and set a price target of $72. The company’s shares closed yesterday at $63.93.
According to TipRanks.com, Pourreza is a top 100 analyst with an average return of 13.0% and a 80.2% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Newjersey Resources Corp, American Electric Power, and Edison International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eversource Energy with a $68.20 average price target.
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Eversource Energy’s market cap is currently $20.26B and has a P/E ratio of 19.55. The company has a Price to Book ratio of 1.78.
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Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.
