On Thursday, research analysts at StockNews.com began coverage of shares of Entergy by writing a note to investors in which they discussed the company.
The analysts provided background information on Entergy (NYSE: ETR) in this note.
The investment advice given by the company was to “hold” one’s current position in the stock of the utility provider.
On February 16, the most recent quarterly earnings report that was made public for Entergy (NYSE: ETR) was made available.
The company that provides utilities reported earnings for the quarter of $0.51 per share, which is $0.06 more than the analysts’ consensus estimate of $0.45 per share for the company’s earnings for the quarter.
According to its financial statements, Entergy had a return on equity of 10.88% and a net margin of 8.01%.
The company announced revenue for the quarter of $3.27 billion, substantially higher than the average prediction of $2.65 billion.
In the same period as the previous year, the business made a profit of $0.76 per share. Sell-side analysts forecast that Entergy will generate earnings of $6.68 per share throughout the fiscal year.
ETR began its trading session on Thursday at $105.09 per share.
The price of a share of the company’s stock is currently trading at $106.43 for the moving average of the previous 50 days and $109.40 for the moving average of the previous 200 days.
The values come in at 1.82 for the debt-to-equity ratio, 0.64 for the current ratio, and 0.43 for the quick ratio, respectively.
The company has a market capitalization of $22.22 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-to-growth ratio of 2.51, and a beta of 0.63.
All of these metrics reflect the company’s current valuation. Over the previous year, the price of Entergy ranged from a low of $94.94 to a high of $126.22 at its most expensive.
Over the past few months, several brokerages have offered their opinions regarding ETR.
Bank of America decreased their target price for shares of Entergy from $135.00 to $119.00.
They changed their rating for the stock from “buy” to “neutral” in a research report published on Tuesday, January 3.
TheStreet lowered its rating of the shares of Entergy from a “b” rating to a “c+” rating in a report published on February 16 that discussed the company’s performance.
Mizuho decreased their price target on shares of Entergy from $114.00 to $113.00 in a research report published on Thursday, January 19.
The investment bank also confirmed that they would maintain their “buy” rating on the stock. Wells Fargo & Company announced, in a research note that was published on December 14, that they were increasing their price target on shares of Entergy from $123.00 to $135.00.
Morgan Stanley lowered their price objective on shares of Entergy from $108.00 to $103.00 and downgraded the stock from “overweight” to “underweight” in a research note published on February 22.
The last and most significant modification was made here. One research analyst suggested purchasing the stock, four suggested holding onto the stock, and four suggested purchasing the stock. O