On November 21, 2023, BofA Securities analyst Paul Zimbardo made a significant upgrade to Entergy (NYSE: ETR). He upgraded the stock from Neutral to Buy and also raised the price target from $94 to $110. This upgrade aligns with the consensus among other analysts, indicating a positive outlook for the company.
According to TipRanks, the average price target for Entergy is $106.67. The high forecast stands at $125.00, while the low forecast is $94.00. MarketScreener also reports that Entergy has an average rating of outperform, with price targets ranging from $94 to $120. These figures further support the positive sentiment surrounding the stock.
MarketBeat provides additional insight, stating that the average twelve-month price prediction for Entergy is $110.08. The high price target is set at $135.00, while the low price target is $92.00. This information reinforces the consensus among analysts and highlights the potential growth opportunities for the company.
StreetInsider confirms BofA Securities analyst Paul Zimbardo’s upgrade, reporting that he raised the price target of Entergy to $110 from $94. This upgrade further solidifies the positive outlook for the stock.
Overall, the consensus among analysts suggests a favorable future for Entergy, with the average price target aligning with the recent upgrade to $110. This news reflects the potential growth and value that investors can expect from the company.
Entergy Corporation
ETR
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
ETR Stock Performance: Stable Increase on November 21, 2023 with Positive Earnings and Revenue Growth
On November 21, 2023, ETR (Entergy Corporation) stock opened at $99.34, slightly higher than the previous day’s closing price of $98.96. Throughout the day, the stock traded in a range of $98.90 to $99.95. The trading volume for the day was 245,414 shares, which is significantly lower than the average volume of 1,604,001 shares over the past three months.
ETR is a utility company in the electric utilities industry, with its corporate headquarters located in New Orleans, Louisiana. With a market capitalization of $20.9 billion, ETR is a significant player in the industry.
In terms of earnings growth, ETR experienced a decline of 3.06% last year. However, this year, the company has shown positive growth with a 4.42% increase. Looking ahead, analysts predict a steady earnings growth rate of 6.20% for the next five years.
The company’s revenue growth has been impressive, with a 17.59% increase reported last year. This indicates that ETR is successfully expanding its business and generating higher sales.
ETR’s price-to-earnings (P/E) ratio stands at 14.4, which suggests that the stock is relatively undervalued compared to its earnings. The price-to-sales ratio is 1.68, indicating that investors are paying $1.68 for every dollar of sales generated by the company. The price-to-book ratio is 1.61, which suggests that the stock is trading at a slight premium to its book value.
In terms of stock performance on November 21, 2023, ETR saw a small increase of $0.14 or 0.14%. This indicates a relatively stable day for the stock compared to other utility companies in the sector. DT Energy Co saw a similar increase of 0.14%, while FirstEnergy Corp experienced a slight decline of 0.13%. Eversource Energy had a more significant increase of 0.86%, while Ameren Corp saw a decrease of 0.56%.
Looking ahead, ETR’s next reporting date is scheduled for February 21, 2024. Analysts are forecasting earnings per share of $0.91 for the current quarter. In the previous year, ETR reported annual revenue of $13.8 billion and a profit of $1.1 billion, resulting in a net profit margin of 7.97%.
Overall, ETR’s stock performance on November 21, 2023, was relatively stable, with a slight increase in price. The company’s positive earnings growth and revenue growth indicate a promising future for investors. However, it is important to consider other factors and conduct further analysis before making any investment decisions.
ETR Stock Analysis: Positive Outlook and Potential for Growth in Entergy Corp
ETR stock performed well on November 21, 2023, based on the information provided. According to CNN Money, the 18 analysts offering 12-month price forecasts for Entergy Corp have a median target of $106.25. The high estimate is $118.00, while the low estimate is $94.00. This median estimate represents a 6.52% increase from the last recorded price of $99.75.
Furthermore, a consensus among 20 polled investment analysts is to buy stock in Entergy Corp. This rating has remained steady since November, indicating a consistent positive sentiment towards the company’s stock.
Taking a closer look at the company’s recent financial performance, the current quarter’s earnings per share stands at $0.91, while sales amount to $3.3 billion. These figures suggest a healthy financial position for Entergy Corp.
Investors can expect more insights into the company’s financial performance when it reports its next earnings on February 21. This upcoming report will provide a more detailed picture of the company’s profitability and potential future growth.
Based on the information available, it seems that Entergy Corp is in a favorable position. The median price forecast suggests that the stock has room for growth, and the consensus among analysts is to buy the stock. However, it is important for investors to conduct their own research and consider their own risk tolerance before making any investment decisions.
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