Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Ameren Corp (NYSE: AEE) today and set a price target of $65. The company’s shares closed yesterday at $64.13, close to its 52-week high of $66.11.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on Ameren Corp is a Hold with an average price target of $65.
See today’s analyst top recommended stocks >>
Based on Ameren Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.56 billion and net profit of $239 million. In comparison, last year the company earned revenue of $1.54 billion and had a net profit of $193 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
