Xcel Energy (XEL) has an average broker rating of 2.64, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 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 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Xcel Energy (XEL) : The highest short term price target forecast on Xcel Energy (XEL) is $48 and the lowest target price is $36. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $42.5 with a standard deviation of $4.07.
Company shares have received an average consensus rating of Hold for the current week Also, JP Morgan upgrades their rating on the shares of Xcel Energy (NYSE:XEL). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $47 per share from $39 per share. The rating by the firm was issued on June 16, 2016.
Xcel Energy (NYSE:XEL): The stock opened at $43.52 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.72 for the day. The stock traded down to $42.99 during the day, due to lack of any buying support eventually closed down at $43.16 with a loss of -1.28% for the day. The stock had closed at $43.72 on the previous day. The total traded volume was 3,286,674 shares.
Xcel Energy Inc. is a public utility holding company. The Companys operations include the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS) and serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its segments include regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. Regulated electric utility also includes commodity trading operations. The regulated natural gas utility segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado.