Analyst Price Target Update on Entergy Corporation (NYSE:ETR)

Entergy Corporation (NYSE:ETR) should head towards $75.43 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $59 per share. The higher price estimate target is at $84 according to the Analysts.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Jefferies maintains its outlook on Entergy Corporation (NYSE:ETR). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $79 per share to $84 per share. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The director of Entergy Corp /De/, Herman Alexis M sold 1,091 shares at $76.24 on May 16, 2016. The Insider selling transaction had a total value worth of $83,178. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Entergy Corporation (NYSE:ETR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.3 points or 0.38% at $78.35 with 1,430,515 shares getting traded. Post opening the session at $78.85, the shares hit an intraday low of $78.3 and an intraday high of $79.31 and the price was in this range throughout the day. The company has a market cap of $14,004 million and the number of outstanding shares have been calculated to be 178,740,870 shares. The 52-week high of Entergy Corporation (NYSE:ETR) is $80.06 and the 52-week low is $61.27.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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