Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Entergy (ETR) today and set a price target of $118.00. The company’s shares closed last Tuesday at $105.69.
According to TipRanks.com, Byrd is a 4-star analyst with an average return of 4.8% and a 56.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
Currently, the analyst consensus on Entergy is a Strong Buy with an average price target of $116.38.
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Entergy’s market cap is currently $21.36B and has a P/E ratio of 17.40. The company has a Price to Book ratio of 2.13.
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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.
