Short Term Price Target on Duke Energy Corporation (DUK)

Duke Energy Corporation (NYSE:DUK) : The most positive equity analysts on Duke Energy Corporation (NYSE:DUK) expects the shares to touch $87, whereas, the least positive believes that the stock will trade at $74 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $79.3 with an expected fluctuation of $3.97 from the mean.

Shares of Duke Energy Corporation rose by 4.56% in the last five trading days and 8.57% for the last 4 weeks. Duke Energy Corporation is up 6.85% in the last 3-month period. Year-to-Date the stock performance stands at 22.71%. Also, Major Brokerage house, Argus Research downgrades its ratings on Duke Energy Corporation (NYSE:DUK). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 6, 2016.

Duke Energy Corporation (NYSE:DUK) : 15 analysts are covering Duke Energy Corporation (NYSE:DUK) and their average rating on the stock is 2.6, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. 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 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Duke Energy Corporation (NYSE:DUK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.30 and $84.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $85.79, notching a gain of 1.95% for the day. The total traded volume was 5,473,077 . The stock had closed at $84.15 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Mckee E Marie, director of Duke Energy Corp, had unloaded 1,558 shares at an average price of $76.66 in a transaction dated on May 23, 2016. The total value of the transaction was worth $119,436.

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities, International Energy and Commercial Power. The Companys Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Companys International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids outside the United States. The Companys Commercial Power builds, develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

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