CenterPoint Energy (NYSE: CNP) had its price target lifted by BMO Capital Markets from $21.00 to $24.00 in a research note released on Monday morning. They currently have a market perform rating on the stock.
Shares of CenterPoint Energy (NYSE: CNP) traded up 0.70% during mid-day trading on Monday, hitting $23.13. CenterPoint Energy has a 52 week low of $18.79 and a 52 week high of $24.01. The stock’s 50-day moving average is currently $21.23. The company has a market cap of $9.892 billion and a P/E ratio of 23.68.
A number of other analysts have also recently weighed in on CNP. Analysts at Barclays Capital raised their price target on shares of CenterPoint Energy from $22.00 to $25.00 in a research note to investors on Monday. They now have an equal weight rating on the stock. Separately, analysts at Drexel Hamilton upgraded shares of CenterPoint Energy to a buy rating in a research note to investors on Monday. Finally, analysts at Credit Suisse downgraded shares of CenterPoint Energy from a neutral rating to an underperform rating in a research note to investors on Monday. They now have a $22.00 price target on the stock, down previously from $23.00.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $23.00.
CenterPoint Energy, Inc. is a public utility holding company whose indirect wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC (NYSE: CNP), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast, which includes the city of Houston, and CenterPoint Energy Resources Corp.