A statement released earlier today by Zacks Investment Research about Entergy Corporation (NYSE:ETR) bumps the target price to $84.00
- Updated: October 14, 2016
Reporting a possible upside of 0.13%, Zacks Investment Research upped the price target of Entergy Corporation (NYSE:ETR) to $84.00
Previously on 10/4/2016, Citigroup reported about Entergy Corporation (NYSE:ETR) lowered the target price from $83.00 to $76.00. At the time, this indicated a possible upside of 0.02%.
Yesterday Entergy Corporation (NYSE:ETR) traded -0.89% lower at $74.15. The company’s 50-day moving average is $77.61 and its 200-day moving average is $77.92. The last stock close price is down -4.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 907,633 shares of the stock were exchanged, down from an average trading volume of 1,192,500
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Entergy Corporation has a price-earnings ratio of 76.67 with a one year low of $64.11 and a one year high of $82.09 The company’s market cap is currently $0.
Also covering Entergy Corporation's price target, a total of 16 analysts have released a report on Entergy Corporation. The 12-month price target is $78.09 with zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, nineteen equity analysts rating the company a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Entergy Corporation (NYSE:ETR)
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through 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 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. The Company owns and operates power plants with over 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity.
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