Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Centerpoint Energy (CNP) today and set a price target of $27.00. The company’s shares closed last Monday at $25.48, close to its 52-week low of $25.09.
According to TipRanks.com, Byrd is a 2-star analyst with an average return of 0.0% and a 56.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, South Jersey Industries, and Pinnacle West Capital.
Centerpoint Energy has an analyst consensus of Moderate Buy, with a price target consensus of $29.20, which is a 13.7% upside from current levels. In a report issued on November 15, SunTrust Robinson also downgraded the stock to Hold with a $27.00 price target.
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Centerpoint Energy’s market cap is currently $12.8B and has a P/E ratio of 20.22. The company has a Price to Book ratio of 1.94.
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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.
