Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on CenterPoint Energy CNP in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for CenterPoint Energy, presenting an average target of $30.75, a high estimate of $33.00, and a low estimate of $29.00. This upward trend is evident, with the current average reflecting a 0.82% increase from the previous average price target of $30.50.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive CenterPoint Energy is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephen Byrd | Morgan Stanley | Lowers | Overweight | $30.00 | $31.00 |
| Stephen Byrd | Morgan Stanley | Raises | Overweight | $31.00 | $29.00 |
| Sophie Karp | Keybanc | Raises | Overweight | $33.00 | $31.00 |
| Andrew Weisel | Scotiabank | Lowers | Sector Perform | $29.00 | $31.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CenterPoint Energy. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of CenterPoint Energy compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of CenterPoint Energy's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of CenterPoint Energy's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on CenterPoint Energy analyst ratings.
All You Need to Know About CenterPoint Energy
CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.
CenterPoint Energy's Economic Impact: An Analysis
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Negative Revenue Trend: Examining CenterPoint Energy's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -5.72% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 13.36%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): CenterPoint Energy's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.56% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): CenterPoint Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.88%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: CenterPoint Energy's debt-to-equity ratio is below the industry average at 1.92, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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