Eversource Energy (NYSE:ES) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.55 by 11 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Janney Capital downgrades its rating on Eversource Energy (NYSE:ES).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on March 31, 2016.
Eversource Energy (NYSE:ES): The stock price is expected to reach $ 57.75 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $59 while the lower estimate is at $55. The standard deviation of the price stands at $1.75.
Eversource Energy (NYSE:ES) rose 0.37% or 0.21 points on Tuesday and made its way into the gainers of the day. After trading began at $56.81 the stock was seen hitting $57.35 as a peak level and $56.53 as the lowest level. The stock ended up at $57.03. The daily volume was measured at 1,205,792 shares. The 52-week high of the share price is $59.09 and the 52-week low is $44.64. The company has a market cap of $18,090 million.
Eversource Energy has dropped 0.45% in the last five trading days, however, the shares have posted positive gains of 4.72% in the last 4 weeks. Eversource Energy is up 0.04% in the last 3-month period. Year-to-Date the stock performance stands at 13.52%.
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.