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.
A number of analysts gave price targets for CNP. The most optimistic price target was 30, implying potential capital gains of 6.61 percent. The minimum price target given was 26, which equates to a potential downside of -7.6 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -2.17 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.38 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of CNP's earnings is estimated by analysts to be 20.21 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Currently the stock is 28.91 percent higher than its low, and 3.23 percent lower than its 52-week high. CNP has a P/E 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 market cap of CNP is $12.12 billion. CNP's next earnings release will be on 0000-00-00, which is days away.