Eversource Energy (ES) : Analyst Rating Update

Eversource Energy (ES) : The consensus on Eversource Energy (ES) based on 11 analyst recommendation on the company stock is 2.55, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Eversource Energy (ES) : 8 Wall Street analysts covering Eversource Energy (ES) believe that the average level the stock could reach for the short term is $57.63. The maximum price target given is $59 and the minimum target for short term is around $55, hence the standard deviation is calculated at $1.69.

Eversource Energy (NYSE:ES): The stock opened at $60.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $60.44 for the day. The stock traded down to $59.68 during the day, due to lack of any buying support eventually closed down at $60.24 with a loss of -0.02% for the day. The stock had closed at $60.25 on the previous day. The total traded volume was 1,425,858 shares.

The company shares have rallied 27.84% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $60.43 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $56.51 and the 200 Day Moving Average price is recorded at $55.39.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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