Brokerage Firm Rating Update on CenterPoint Energy (CNP)

CenterPoint Energy (CNP) has an average broker rating of 3, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CenterPoint Energy (CNP) : 4 Wall Street analysts covering CenterPoint Energy (CNP) believe that the average level the stock could reach for the short term is $24.75. The maximum price target given is $27 and the minimum target for short term is around $24, hence the standard deviation is calculated at $1.5.


Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank maintains its view on CenterPoint Energy (NYSE:CNP) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $24.5 per share to $24 per share on CenterPoint Energy . The rating by the firm was issued on August 8, 2016.

CenterPoint Energy (NYSE:CNP): The stock opened at $22.78 and touched an intraday high of $23.355 on Wednesday. During the day, the stock corrected to an intraday low of $22.695, however, the bulls stepped in and pushed the price higher to close in the green at $23.29 with a gain of 2.15% for the day. The total traded volume for the day was 5,334,310. The stock had closed at $22.8 in the previous trading session.

CenterPoint Energy, Inc. is a public utility holding company. The companys segments include: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial, industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners, LP and a 0.1% interest in Southeast Supply Header, LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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