Analyst Rating Update on Westar Energy (WR)

Westar Energy (NYSE:WR) has an average broker rating of 3.11, which is interpreted as a Hold, as rated by 9 equity analysts. Nevertheless, the majority of 8 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. 1 considers that the stock is a Sell.

Westar Energy (NYSE:WR) : The most positive equity analysts on Westar Energy (NYSE:WR) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $50.83 with an expected fluctuation of $10.13 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Barclays maintains its rating on Westar Energy (NYSE:WR). As per the latest information, the brokerage house raises the price target to $60 per share from a prior target of $45. The shares have been rated Equalweight. The rating by the firm was issued on June 2, 2016.

Westar Energy (NYSE:WR): On Tuesdays trading session , Opening price of the stock was $55.8 with an intraday high of $55.87. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $55.5. However, the stock managed to close at $55.65, a loss of 0.25% for the day. On the previous day, the stock had closed at $55.79. The total traded volume of the day was 1,459,530 shares.

In an insider trading activity,The officer (SVP, Strategy) of Westar Energy Inc /Ks, Greenwood Greg A sold 5,000 shares at $46.9 on March 10, 2016. The Insider selling transaction had a total value worth of $234,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 693,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energys wholly owned subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential, commercial and industrial. It has around 6,645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.

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