Entergy Corporation (NYSE:ETR) has an average broker rating of 3.2, which is interpreted as a Hold, as rated by 10 equity analysts. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Entergy Corporation (NYSE:ETR) stock is expected to deviate a maximum of $8.85 from the average target price of $76.29 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $84 and the most muted being $59.
Company shares have received an average consensus rating of Hold for the current week Also, Jefferies maintains its rating on Entergy Corporation (NYSE:ETR). The global brokerage major raises the current price target from $79 per share to $84 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on June 10, 2016.
Entergy Corporation (NYSE:ETR): stock turned positive on Tuesday. Though the stock opened at $78.97, the bulls momentum made the stock top out at $79.19 level for the day. The stock recorded a low of $78.09 and closed the trading day at $79.15, in the green by 0.30%. The total traded volume for the day was 1,118,015. The stock had closed at $78.91 in the previous days trading.
In an insider trading activity, Herman Alexis M, director of Entergy Corp /De/, unloaded 1,091 shares at an average price of $76.24 on May 16, 2016. The total amount of the transaction was worth $83,178, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.