Analysts have been eager to weigh in on the Utilities sector with new ratings on Pioneer Natural (PXD), Northland Power (NPIFF) and Fortis (FTS).
Pioneer Natural (PXD)
In a report issued on April 24, Scott Hanold from RBC Capital maintained a Buy rating on Pioneer Natural, with a price target of $106.00. The company’s shares closed last Friday at $77.45.
According to TipRanks.com, Hanold is ranked 0 out of 5 stars with an average return of -15.2% and a 32.0% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Southwestern Energy, and Concho Resources.
Currently, the analyst consensus on Pioneer Natural is a Strong Buy with an average price target of $96.63, which is a 19.8% upside from current levels. In a report issued on April 15, Morgan Stanley also maintained a Buy rating on the stock with a $86.00 price target.
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Northland Power (NPIFF)
In a report issued on April 23, Nelson Ng from RBC Capital maintained a Hold rating on Northland Power, with a price target of C$33.00. The company’s shares closed last Friday at $20.58.
According to TipRanks.com, Ng is a 3-star analyst with an average return of 2.7% and a 57.1% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Just Energy Group.
Currently, the analyst consensus on Northland Power is a Strong Buy with an average price target of $22.92.
Fortis (FTS)
In a report issued on April 23, Robert Kwan from RBC Capital maintained a Buy rating on Fortis, with a price target of C$60.00. The company’s shares closed last Friday at $38.01.
According to TipRanks.com, Kwan is a 5-star analyst with an average return of 9.3% and a 66.5% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, AltaGas, and Emera.
Fortis has an analyst consensus of Moderate Buy, with a price target consensus of $41.71, which is a 9.8% upside from current levels. In a report issued on April 23, CIBC also maintained a Buy rating on the stock with a C$57.00 price target.
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