Westar Energy (NYSE:WR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.11 by 9 Brokerage Firm. 8 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Barclays maintains its outlook on Westar Energy (NYSE:WR). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $45 per share to $60 per share. The rating by the firm was issued on June 2, 2016.
Westar Energy (NYSE:WR): The mean estimate for the short term price target for Westar Energy (NYSE:WR) stands at $50.83 according to 6 Analysts. The higher price target estimate for the stock has been calculated at $60 while the lower price target estimate is at $40.
Westar Energy (NYSE:WR) witnessed a decline in the market cap on Tuesday as its shares dropped 0.04% or 0.02 points. After the session commenced at $55.8, the stock reached the higher end at $56.03 while it hit a low of $55.66. With the volume soaring to 1,431,874 shares, the last trade was called at $55.78. The company has a 52-week high of $57.245. The company has a market cap of $7,903 million and there are 141,681,280 shares in outstanding. The 52-week low of the share price is $33.88.
Westar Energy, Inc. has dropped 0.59% in the last five trading days, however, the shares have posted positive gains of 7.19% in the last 4 weeks. Westar Energy, Inc. is up 17.39% in the last 3-month period. Year-to-Date the stock performance stands at 33.59%.
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.