On November 21, 2023, Stephen Byrd, an analyst at Morgan Stanley, reaffirmed his Equal-Weight recommendation on Ameren (NYSE:AEE) and adjusted the price target from $80 to $82. Byrd’s assessment implies that the stock is projected to align with the market’s average performance. This upward revision in the price target indicates a favorable outlook for Ameren’s stock and suggests potential growth in its performance.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Ameren Corporation Stock Shows Slight Increase on November 21, 2023 with Positive Earnings and Revenue Growth
On November 21, 2023, Ameren Corporation (AEE) had a previous close of $76.82. The stock opened at $76.86 and traded within a range of $76.03 to $76.86 throughout the day. The volume for the day was 434,440 shares, which is lower than the average volume of 1,538,613 shares over the past three months. The market capitalization of Ameren Corporation is $20.2 billion.
In terms of earnings growth, Ameren Corporation has shown positive growth in the past year. The earnings growth rate for the last year was +7.60%, and for this year, it is +5.41%. Looking ahead, the company is expected to maintain a steady earnings growth rate of +6.60% over the next five years. This indicates a positive outlook for the company’s financial performance in the future.
Ameren Corporation has also experienced significant revenue growth in the past year. The revenue growth rate for the last year was +24.44%. This indicates that the company has been successful in increasing its sales and generating more revenue.
The price-to-earnings (P/E) ratio for Ameren Corporation is 17.4, which suggests that investors are willing to pay $17.4 for every dollar of earnings. The price/sales ratio is 2.90, indicating that the stock is trading at 2.90 times its annual sales. The price/book ratio is 1.91, suggesting that the stock is trading at 1.91 times its book value.
In terms of the stock’s performance on November 21, 2023, Ameren Corporation showed a slight increase. The stock price increased by $0.11, or 0.27%, compared to the previous day’s closing price. This indicates a positive movement in the stock’s value.
In comparison to other companies in the utilities sector, Ameren Corporation’s performance on November 21, 2023, was relatively better. Fortis Inc (FTS) showed an increase of $0.11, or 0.27%, Eversource Energy (ES) showed an increase of $0.43, or 0.74%, and Entergy Corp (ETR) showed an increase of $1.03, or 1.04%. On the other hand, PPL (PPL) showed a decrease of $0.02, or 0.06%.
Ameren Corporation is scheduled to report its next earnings on February 15, 2024. The earnings per share (EPS) forecast for this quarter is $0.74. In the previous year, Ameren Corporation reported an annual revenue of $8.0 billion and an annual profit of $1.1 billion. The net profit margin for the company is 13.50%.
Ameren Corporation operates in the utilities sector and is specifically involved in the electric utilities industry. The company is headquartered in St. Louis, Missouri.
In conclusion, on November 21, 2023, Ameren Corporation’s stock showed a slight increase in value. The company has demonstrated positive earnings and revenue growth in the past year, with expectations of continued growth in the future. Investors will be keeping an eye on the company’s next earnings report on February 15, 2024, to assess its financial performance.
Ameren Corp (AEE) Stock Analysis: Positive Outlook for November 21, 2023 with Potential for Growth
Ameren Corp (AEE) stock is expected to perform well on November 21, 2023, based on the information provided by 12 analysts. These analysts have a median target price of $84.50 for the next 12 months, with a high estimate of $90.00 and a low estimate of $75.00. The consensus among 14 polled investment analysts is to buy stock in Ameren Corp. In terms of financials, Ameren Corp reported earnings per share of $0.74 for the current quarter, with sales amounting to $2.1 billion. Investors and analysts are eagerly awaiting the reporting date of February 15, when Ameren Corp will release more detailed financial information. Overall, the outlook for Ameren Corp’s stock performance on November 21, 2023, appears positive. However, investors should closely monitor the company’s financial reports for any changes in its performance and adjust their investment strategies accordingly.