CenterPoint Energy (CNP) Receives ‘Analyst’ Rating

CenterPoint Energy (CNP) : 7 analysts are covering CenterPoint Energy (CNP) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CenterPoint Energy (CNP) : The consensus price target for CenterPoint Energy (CNP) is $24.75 for the short term with a standard deviation of $1.5. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $27, however, the pessimist price target for the company is $24.


Also, Equity Analysts at the Deutsche Bank maintains the rating on CenterPoint Energy (NYSE:CNP). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $24.5 per share to $24 per share. The rating by the firm was issued on August 8, 2016.

CenterPoint Energy (NYSE:CNP): After opening at $22.43, the stock dipped to an intraday low of $22.38 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.71 and the buying power remained strong till the end. The stock closed at $22.65 for the day, a gain of 0.98% for the day session. The total traded volume was 2,506,594. The stocks close on the previous trading day was $22.43.

CenterPoint Energy, Inc. is a public utility holding company. The companys segments include: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial, industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners, LP and a 0.1% interest in Southeast Supply Header, LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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