UBS Downgrades Dynegy to Neutral

Brokerage firm UBS Downgrades its rating on Dynegy(NYSE:DYN). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Jun 9, 2016.

In a different note, On May 20, 2016, Barclays said it Maintains its rating on Dynegy. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 8, 2016, Ladenburg Thalmann said it Assumes its rating on Dynegy. The shares have been rated ‘Buy’ by the firm. On Mar 18, 2016, Barclays said it Maintains its rating on Dynegy. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Overweight’ by the firm.

Dynegy (DYN) shares turned negative on Wednesdays trading session with the shares closing down -0.72 points or -4.27% at a volume of 1,84,64,318. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.83. The peak price level was also seen at $16.83 while the days lowest was $15.4805. Finally the shares closed at $16.13. The 52-week high of the shares is $34.23 while the 52-week low is $7.2. According to the latest information available, the market cap of the company is $1,892 M.

Dynegy(DYN) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.12B. Analysts had an estimated revenue of $1.04B. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.46.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Robert C Flexon (CEO) purchased 10,000 shares at $10.08 per share price.Also, On Dec 10, 2015, Patrick Iii Wood (director) purchased 6,400 shares at $11.61 per share price.On Nov 12, 2015, Daniel P. Thompson (EVP) purchased 1,000 shares at $17.55 per share price, according to the Form-4 filing with the securities and exchange commission.

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