CenterPoint Energy Shares Surpass Key Analyst Price Target
In recent trading, shares of CenterPoint Energy, Inc. (Symbol: CNP) have crossed above the average analyst 12-month target price of $32.50, selling at $32.54 per share. When a stock hits an analyst’s target, they typically can either downgrade their valuation or raise their target price. Reactions also depend on the company’s overall business outlook — if conditions are improving, raising the target price may be warranted.
There are 15 different analyst targets influencing the average for CenterPoint Energy, Inc. However, the average price is just a mathematical figure, with some analysts holding lower targets, such as one predicting a price of $29.00. On the other hand, one analyst has set an ambitious target of $37.00. The standard deviation stands at $2.163, reflecting the range of expectations among analysts.
Looking at the average CNP price target allows investors to consider a collective viewpoint from numerous analysts rather than relying solely on one individual’s opinion. With CNP now above the average target of $32.50 per share, investors should evaluate whether this is just a milestone toward even higher targets or if the stock has risen to a level where it may be prudent to take profits. The table below outlines the current perspective of analysts monitoring CenterPoint Energy, Inc:
| Recent CNP Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 3 | 3 | 3 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 9 | 10 | 10 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.35 | 2.67 | 2.67 | 2.67 |
The average rating in the table ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. This analysis uses data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on CNP, you can access it for free.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• CHH market cap history
• KVYO YTD Return
• SEI Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
