Entergy Corporation (ETR) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Entergy Corporation (ETR). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.22.
Entergy Corporation (ETR) : 7 Wall Street analysts covering Entergy Corporation (ETR) believe that the average level the stock could reach for the short term is $76.29. The maximum price target given is $84 and the minimum target for short term is around $59, hence the standard deviation is calculated at $8.85.
Entergy Corporation (NYSE:ETR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.70 and $81.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.03, notching a gain of 0.37% for the day. The total traded volume was 1,109,367 . The stock had closed at $81.73 on the previous day.
Also, Jefferies maintains its view on Entergy Corporation (NYSE:ETR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $79 per share to $84 per share on Entergy Corporation. The rating by the firm was issued on June 10, 2016. The company shares have rallied 11.50% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $81.90 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $77.53 and the 200 Day Moving Average price is recorded at $74.45.
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.