Dynegy Inc. (DYN) Stock Rating Upgraded by Deutsche Bank AG
Dynegy Inc. (NYSE:DYN) was upgraded by analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a report released on Tuesday. The firm currently has a $13.00 price target on the utilities provider’s stock. Deutsche Bank AG’s target price suggests a potential upside of 4.42% from the stock’s previous close.
A number of other research analysts have also commented on the company. Royal Bank Of Canada reissued a “hold” rating and set a $8.00 price objective on shares of Dynegy in a report on Monday, September 4th. BidaskClub lowered Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reissued a “buy” rating and set a $13.00 price objective on shares of Dynegy in a report on Tuesday, July 25th. Zacks Investment Research lowered Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks, Inc. restated a “buy” rating on shares of Dynegy in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $11.56.
Dynegy (NYSE DYN) opened at 12.45 on Tuesday. Dynegy has a 1-year low of $5.84 and a 1-year high of $12.84. The stock has a 50 day moving average price of $9.77 and a 200 day moving average price of $8.54. The firm’s market capitalization is $1.64 billion.
Dynegy (NYSE:DYN) last issued its earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.61). Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $972.27 million. Analysts predict that Dynegy will post ($0.69) EPS for the current year.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://theolympiareport.com/2017/10/31/dynegy-inc-dyn-upgraded-at-deutsche-bank-ag.html.
A number of hedge funds have recently bought and sold shares of the business. UBS Asset Management Americas Inc. lifted its holdings in shares of Dynegy by 20.6% in the first quarter. UBS Asset Management Americas Inc. now owns 94,477 shares of the utilities provider’s stock valued at $743,000 after purchasing an additional 16,143 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Dynegy in the first quarter valued at about $165,000. American International Group Inc. lifted its holdings in shares of Dynegy by 7.1% in the first quarter. American International Group Inc. now owns 71,987 shares of the utilities provider’s stock valued at $566,000 after purchasing an additional 4,760 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Dynegy by 5.6% in the first quarter. Teachers Advisors LLC now owns 202,992 shares of the utilities provider’s stock valued at $1,596,000 after purchasing an additional 10,805 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Dynegy by 1.4% in the first quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock valued at $1,453,000 after purchasing an additional 2,527 shares in the last quarter.
Dynegy Company Profile
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.