CenterPoint Energy (CNP) Receives Price Target

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.

CenterPoint Energy (CNP) : 6 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 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


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

CenterPoint Energy (NYSE:CNP): The stock opened at $22.41 on Thursday but the bulls could not build on the opening and the stock topped out at $22.55 for the day. The stock traded down to $22.33 during the day, due to lack of any buying support eventually closed down at $22.44 with a loss of -0.13% for the day. The stock had closed at $22.47 on the previous day. The total traded volume was 2,641,788 shares.

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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