Zacks Investment Research downgraded NorthWestern Corp (NYSE:NWE) to Hold in a report released today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded NorthWestern Corp (NYSE:NWE) to Hold in a report released on 11/30/2016.
Previously on 11/29/2016, Zacks Investment Research reported about NorthWestern Corp (NYSE:NWE) raised the target price from $0.00 to $66.00. At the time, this indicated a possible upside of 0.12%.
Yesterday NorthWestern Corp (NYSE:NWE) traded 2.73% higher at $58.78. The company’s 50-day moving average is $56.21 and its 200-day moving average is $58.54. The last stock close price is up 0.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 355,097 shares of the stock were exchanged, down from an average trading volume of 394,236
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NorthWestern Corp has a 52 week low of $51.95 and a 52 week high of $63.75 with a P/E ratio of 17.51 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $59.25 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About NorthWestern Corp (NYSE:NWE)
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana. The Company's segments are Electric operations, Natural gas operations and All other, which primarily consists of unallocated corporate costs. The Company's regulated electric utility business in Montana includes generation, transmission and distribution. Its service territory covers approximately 107,600 square miles, representing over 73% of Montana's land area. Its regulated natural gas utility business in Montana includes production, storage, transmission and distribution. The Company distributes natural gas to approximately 191,500 customers in over 105 Montana communities.
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