Stephen Byrd analyst at Morgan Stanley reiterates coverage on Centerpoint Energy (CNP) in the energy stock sector with a Buy rating. TipRanks.com has Byrd rated as a 4.8 star analyst with a 59% return on investment and a 9.4% success rate. Byrd has set a price target of $ 29.
TipRanks.com reports that Centerpoint Energy stock currently has 8 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $31.13. The target pricing ranges from a high forecast of $34.00 down to a low forecast of $29.00. Centerpoint Energy (CNP) stock's last closing price was $29.13 which would put the average price target at 6.87% upside.
In addition, Barchart.com has a sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on CNP's stock.
Other analysts covering CNP stock include:
- Shelby Tucker of RBC Capital issued a Buy rating with the price target of $ 34 on 3 days ago
- Shahriar Pourreza of Guggenheim issued a Buy rating with the price target of $ 31 on 1 week ago
- James Thalacker of BMO Capital issued a Buy rating with the price target of $ 31 on 1 week ago
- Jeremy Tonet of J.P. Morgan issued a Buy rating with the price target of $ 32 on 2 weeks ago
Just a reminder, one resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals.
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