Eversource Energy (ES) Given New $71.00 Price Target at Morgan Stanley
Eversource Energy (NYSE:ES) had its target price increased by equities researchers at Morgan Stanley from $69.00 to $71.00 in a report released on Tuesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 1.21% from the company’s previous close.
A number of other equities research analysts have also weighed in on ES. ValuEngine upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, December 12th. Goldman Sachs Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 30th. Credit Suisse Group upgraded shares of Eversource Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $62.00 to $73.00 in a research note on Tuesday, December 4th. Finally, Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Eversource Energy presently has an average rating of “Buy” and an average target price of $67.36.
ES stock opened at $70.15 on Tuesday. The company has a market capitalization of $22.20 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.46 and a beta of 0.32. Eversource Energy has a 12-month low of $52.76 and a 12-month high of $70.53. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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