Westar Energy (WR) : Analyst Rating Update

Westar Energy (WR) : The consensus on Westar Energy (WR) based on 10 analyst recommendation on the company stock is 3.1, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Westar Energy (WR).

Westar Energy (WR) : 6 investment research analysts covering Westar Energy (WR) have an average price target of $50.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $40 for the short term. Analysts expect the variance to be within $10.13 of the average price.

Westar Energy (NYSE:WR): The stock opened at $56.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.42 for the day. The stock traded down to $55.96 during the day, due to lack of any buying support eventually closed down at $56.27 with a loss of -0.02% for the day. The stock had closed at $56.28 on the previous day. The total traded volume was 1,812,719 shares.

Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Westar Energy (NYSE:WR). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $45 per share to $60 per share. The rating by the firm was issued on June 2, 2016. The company shares have rallied 55.00% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $57.25 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $55.03 and the 200 Day Moving Average price is recorded at $48.60.

Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 693,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energys wholly owned subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential, commercial and industrial. It has around 6,645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.

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