Analyst Outlook for This Canada’s Energy Sector Company
Wells Fargo analyst Sarah Akers maintained a Buy rating on Centerpoint Energy (CNP) yesterday. The company’s shares closed last Monday at $26.69, close to its 52-week low of $26.59.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 11.4% and a 87.2% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Chesapeake Utilities, and Dominion Resources.
Centerpoint Energy has an analyst consensus of Strong Buy, with a price target consensus of $32.00, representing a 13.9% upside. In a report issued on November 12, Credit Suisse also maintained a Buy rating on the stock with a $31.00 price target.
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The company has a one-year high of $31.42 and a one-year low of $26.59. Currently, Centerpoint Energy has an average volume of 4.45M.
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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.