Understanding SCANA’s Price Targets and Analyst Recommendations

Analyst price targets

According to the Wall Street analyst estimates, SCANA (SCG) has an estimated gain of 8% over the next 12 months. It has a mean price target of $52.17, compared with its current market price of $48.35.

Among the ten analysts tracking SCANA, one analyst recommends the stock as a “strong buy,” while none has a “buy” recommendation. Six analysts rate the stock as a “hold,” and one analyst recommends a “sell,” while two recommend a “strong sell.”

Understanding SCANA’s Price Targets and Analyst Recommendations

Peer price targets

Peer CenterPoint Energy (CNP) has a mean price target of $28.71, compared with its current market price of $29.67. This shows a downside of more than 3% going forward.

CMS Energy (CMS) has a mean price target of $49.15, which implies a gain of 2% over its current market price of $48.21. Notably, SunTrust Robinson raised CMS Energy’s price target from $48 to $49.

You can read more about top utilities’ (XLU) price targets in Market Realist’s “A Look at Top Utilities’ Price Targets This Week.”

Outlook

Investors might get important insight from SCANA management about its dumped nuclear power plant during its 3Q17 earnings call. But the issues of this troubled power plant look less likely to impact its future earnings growth at the moment.

Meanwhile, the outcome of the ongoing criminal investigation into the company is going to be very important for SCANA and its investors because it could affect the plant’s rate recovery. For more, check out Market Realist’s series SCANA Stock Has Fallen 33% in 2017: What’s Next?