A number of firms have modified their ratings and price targets on shares of El Paso Electric (NYSE: EE) recently:

  • 10/6/2017 – El Paso Electric had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $57.00 price target on the stock, up previously from $56.00.
  • 10/4/2017 – El Paso Electric had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $56.00 price target on the stock.
  • 10/2/2017 – El Paso Electric was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/21/2017 – El Paso Electric was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “El Paso Electric Co is a public utility engaged in the generation, transmission & distribution of electricity in an area of west Texas & southern New Mexico. El Paso also serves wholesale customers in Texas, New Mexico, California & Mexico. El Paso owns or has significant ownership interests in five electrical generating facilities providing it with a total capacity of approximately 1,500 MW. El Paso serves residential, commercial, industrial & wholesale customers. El Paso distributes electricity to retail customers principally in El Paso, Texas & the City of Las Cruces, New Mexico “
  • 9/19/2017 – El Paso Electric was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “El Paso Electric Co is a public utility engaged in the generation, transmission & distribution of electricity in an area of west Texas & southern New Mexico. El Paso also serves wholesale customers in Texas, New Mexico, California & Mexico. El Paso owns or has significant ownership interests in five electrical generating facilities providing it with a total capacity of approximately 1,500 MW. El Paso serves residential, commercial, industrial & wholesale customers. El Paso distributes electricity to retail customers principally in El Paso, Texas & the City of Las Cruces, New Mexico “
  • 9/7/2017 – El Paso Electric was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/18/2017 – El Paso Electric was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/17/2017 – El Paso Electric is now covered by analysts at Mizuho. They set a “neutral” rating and a $55.00 price target on the stock.
  • 8/14/2017 – El Paso Electric was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “El Paso Electric Co is a public utility engaged in the generation, transmission & distribution of electricity in an area of west Texas & southern New Mexico. El Paso also serves wholesale customers in Texas, New Mexico, California & Mexico. El Paso owns or has significant ownership interests in five electrical generating facilities providing it with a total capacity of approximately 1,500 MW. El Paso serves residential, commercial, industrial & wholesale customers. El Paso distributes electricity to retail customers principally in El Paso, Texas & the City of Las Cruces, New Mexico “

Shares of El Paso Electric Company (NYSE EE) traded up 0.86% during mid-day trading on Thursday, reaching $58.35. 61,492 shares of the company’s stock traded hands. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 21.08 and a beta of 0.47. El Paso Electric Company has a one year low of $42.71 and a one year high of $58.60. The firm’s 50-day moving average is $55.61 and its 200 day moving average is $53.07.

El Paso Electric (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.14. The business had revenue of $251.84 million during the quarter. El Paso Electric had a return on equity of 9.95% and a net margin of 11.45%. During the same period in the previous year, the company posted $0.55 earnings per share. Analysts predict that El Paso Electric Company will post $2.58 earnings per share for the current year.

El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).

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