What Analysts Think about PG&E ahead of 4Q16 Earnings
According to Wall Street analysts, PG&E (PCG) has a price target of $66.13 for the next one year. It implies an estimated upside of more than 7% from its current market price of $61.83.
Of the 18 analysts tracking PCG, five recommend a “hold,” nine recommend a “buy,” and four recommend a “strong buy.” None of the analysts have a “sell” recommendation on PCG as of February 8, 2017.
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Analysts expect a rise of 12% in Sempra Energy (SRE) over the next year, which is one of the highest expected upsides among S&P 500 utilities (XLU). According to analysts’ estimates, it has a mean estimated price target of $115.00 compared to its current market price of $102.55.
Edison International (EIX) has an estimated rise of 7% over the next year with a mean price of $78 compared to its current market price of $73.00.
To learn more about how utilities are positioned in 2017, read Hawkish Fed or Helpful Weather: What Will Drive Utilities in 2017?