Duke Energy (NYSE: DUK) was downgraded by equities researchers at Argus from a “buy” rating to a “hold” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Shares of Duke Energy (NYSE: DUK) traded up 0.18% during mid-day trading on Thursday, hitting $71.84. Duke Energy has a 52 week low of $59.63 and a 52 week high of $72.68. The stock’s 50-day moving average is currently $69.98. The company has a market cap of $50.622 billion and a P/E ratio of 23.35.
Duke Energy (NYSE: DUK) last released its earnings data on Wednesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, analysts predict that Duke Energy will post $4.34 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of Duke Energy from $68.00 to $74.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Duke Energy in a research note to investors on Friday, March 22nd.
Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.00.
Duke Energy Corporation (NYSE: DUK) is an energy company.