Ameren (AEE) PT Raised to $69.00
Ameren (NYSE:AEE) had its target price raised by analysts at Morgan Stanley from $66.00 to $69.00 in a report issued on Tuesday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential downside of 1.51% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Barclays boosted their price objective on Ameren from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Wolfe Research cut Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Thursday, November 29th. Finally, Wells Fargo & Co boosted their price objective on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $67.63.
Shares of NYSE:AEE opened at $70.06 on Tuesday. Ameren has a 12-month low of $53.08 and a 12-month high of $71.08. The company has a market cap of $17.22 billion, a PE ratio of 24.76, a PEG ratio of 3.16 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.43.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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