Analysts fell to the sidelines weighing in on Edison International (EIX), Centerpoint Energy (CNP) and Pnm Resources (PNM) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Edison International (EIX)
In a report issued on December 6, Neil Kalton from Wells Fargo maintained a Hold rating on Edison International. The company’s shares closed last Monday at $71.37.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of 6.7% and a 64.6% success rate. Kalton covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, WEC Energy Group, and NextEra Energy.
Currently, the analyst consensus on Edison International is a Moderate Buy with an average price target of $79.00, an 11.3% upside from current levels. In a report issued on November 21, Barclays also maintained a Hold rating on the stock with a $73.00 price target.
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Centerpoint Energy (CNP)
Wells Fargo analyst Sarah Akers maintained a Hold rating on Centerpoint Energy on December 6. The company’s shares closed last Monday at $25.02, close to its 52-week low of $24.25.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 9.9% and a 80.0% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Chesapeake Utilities, and Dominion Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Centerpoint Energy with a $28.30 average price target, a 14.3% upside from current levels. In a report issued on November 21, Barclays also downgraded the stock to Hold with a $26.00 price target.
Pnm Resources (PNM)
Wells Fargo analyst Jonathan Reeder maintained a Hold rating on Pnm Resources on December 6. The company’s shares closed last Monday at $48.78.
According to TipRanks.com, Reeder is a 3-star analyst with an average return of 10.9% and a 68.4% success rate. Reeder covers the Utilities sector, focusing on stocks such as American States Water Company, California Water Service, and American Water.
Pnm Resources has an analyst consensus of Moderate Buy, with a price target consensus of $51.67, representing a 5.7% upside. In a report issued on November 21, Barclays also upgraded the stock to Hold with a $51.00 price target.
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