Entergy Corporation (ETR) : 1 brokerage houses believe that Entergy Corporation (ETR) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Entergy Corporation (ETR). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Entergy Corporation (ETR) : The consensus price target for Entergy Corporation (ETR) is $79.93 for the short term with a standard deviation of $9.83. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $88, however, the pessimist price target for the company is $59.
Also, Guggenheim Securities upgrades their rating on the shares of Entergy Corporation (NYSE:ETR). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 22, 2016.
Entergy Corporation (NYSE:ETR): After opening at $76.84, the stock dipped to an intraday low of $76.61 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.75 and the buying power remained strong till the end. The stock closed at $77.63 for the day, a gain of 0.90% for the day session. The total traded volume was 681,922. The stocks close on the previous trading day was $76.94.
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.