Analyst Provides Guidance for This Canadian Energy Company


In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Eversource Energy (ES), with a price target of $77. The company’s shares closed last Monday at $78.64, close to its 52-week high of $79.11.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -2.0% and a 51.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.

Eversource Energy has an analyst consensus of Hold, with a price target consensus of $78.50.

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The company has a one-year high of $79.11 and a one-year low of $60.15. Currently, Eversource Energy has an average volume of 1.69M.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.

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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, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

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