In a report released yesterday, Eric Beaumont from Barclays maintained a Hold rating on PG&E Corp (PCG), with a price target of $21. The company’s shares opened today at $19.62.
According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.
Currently, the analyst consensus on PG&E Corp is a Moderate Buy with an average price target of $24.38, implying a 24.3% upside from current levels. In a report issued on June 14, Morgan Stanley also maintained a Hold rating on the stock with a $17.50 price target.
See today’s analyst top recommended stocks >>
Based on PG&E Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.01 billion and net profit of $136 million. In comparison, last year the company earned revenue of $4.06 billion and had a net profit of $445 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The firm specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.
