SunTrust Robinson Sticks to Its Hold Rating for Centerpoint Energy (CNP)


In a report released today, Ali Agha from SunTrust Robinson reiterated a Hold rating on Centerpoint Energy (NYSE: CNP), with a price target of $30. The company’s shares closed on Friday at $27.97.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 8.9% and a 71.6% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Edison International.

Currently, the analyst consensus on Centerpoint Energy is a Moderate Buy with an average price target of $29.50, which is a 5.5% upside from current levels. In a report issued on July 23, Guggenheim also reiterated a Hold rating on the stock with a $29 price target.

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The company has a one-year high of $30.45 and a one-year low of $24.81. Currently, Centerpoint Energy has an average volume of 3.81M.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.

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.

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.

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