Analysts’ price targets
Wall Street analysts have given CenterPoint Energy (CNP) stock a mean price target of $27.70, which implies a potential upside of 9.2% for the next 12 months based on its current price of $25.30. Of the 14 analysts covering CNP on May 1, one recommended “buy,” 12 recommended “hold,” and one recommended “sell.” SunTrust Robinson Humphrey cut CenterPoint Energy’s price target from $28 to $27 on April 30.
The chart above shows how analysts’ views on CNP stock have changed in the last few months. Vectren stock offers a potential downside of ~4% in the next year based on analysts’ mean price target of $67.30 and its current price of $70.30.
All five analysts covering Vectren have recommended “hold.” Citigroup lowered Vectren’s rating from “buy” to “neutral” last week, and cut VVC’s price target from $75 to $72.
To learn more about S&P 500 Utility (XLU) stocks, read These S&P 500 Utility Stocks Offer the Most Potential Upside. Top utility Dominion Energy (D) is in the process of acquiring South Carolina utility SCANA (SCG). However, the deal has hit a snag. Read Dominion Energy’s SCANA Merger Encounters Another Setback to learn more.