Morgan Stanley Cuts Entergy (ETR) Price Target to $76.00
Entergy (NYSE:ETR) had its price objective decreased by analysts at Morgan Stanley from $82.00 to $76.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 2.73% from the company’s current price.
A number of other equities analysts also recently weighed in on ETR. UBS Group began coverage on Entergy in a report on Friday, February 2nd. They issued a “neutral” rating and a $82.00 target price on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $96.00 target price (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Finally, Bank of America began coverage on Entergy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.50.
Entergy (NYSE ETR) opened at $73.98 on Tuesday. The firm has a market capitalization of $13,527.87, a PE ratio of -14.98, a PEG ratio of 2.11 and a beta of 0.50. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.