Analyst Ratings for CenterPoint Energy Inc. (CNP)Updated: 2017-07-29
CenterPoint Energy Inc. (NYSE:CNP) was awarded an average rating of Hold from investment analysts following the stock. CNP had previously received a consensus rating of Hold a month ago.
A buy rating was issued by 2 analysts, 0 gave an overweight rating, 15 issued a hold rating, 1 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Investment analysts gave a few price targets for CNP. The most optimistic analyst gave a price target of 30, which equates to a potential upside of 6.61 percent. The most pessimistic price target was 26, which equates to a potential downside of -7.6 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -2.17 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.38 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
The growth rate of CNP's earnings is estimated by analysts to be 20.21 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CNP is 1.29.
CNP has traded between a high of 29.08 and a low of 21.83 over the past year. Today's price is 28.91 percent above the 52-week low, and 3.23 percent below the high. CNP has a price/earnings ratio of 26.17. Investors typically compare the P/E ratio to a company's peers in the industry. The CNP value stock report compares CNP to some of its peers using value stock charts. The stock has a market capitalization of $12.12 billion. CNP's next earnings release will be on 0000-00-00, which is days away.