In a report released yesterday, Shelby Tucker from RBC Capital maintained a Hold rating on Northwest Gas (NWN), with a price target of $57.00. The company’s shares closed last Tuesday at $49.20.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 8.2% and a 71.3% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on Northwest Gas is a Hold with an average price target of $56.50, implying a 18.7% upside from current levels. In a report issued on November 6, Wells Fargo also upgraded the stock to Hold.
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The company has a one-year high of $77.26 and a one-year low of $42.33. Currently, Northwest Gas has an average volume of 184.6K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NWN in relation to earlier this year.
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Northwest Natural Holding Co. operates through its subsidiaries, which engages in the local distribution of gas and water. It supplies natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The company is headquartered in Portland, OR.
