In a report released today, James Thalacker from BMO Capital maintained a Hold rating on Eversource Energy (ES – Research Report), with a price target of $93.00. The company’s shares closed last Thursday at $82.65.
According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 6.9% and a 67.9% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Centerpoint Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Eversource Energy with a $92.80 average price target, representing a 12.5% upside. In a report issued on July 12, Credit Suisse also maintained a Hold rating on the stock with a $87.00 price target.
Based on Eversource Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.47 billion and net profit of $443 million. In comparison, last year the company earned revenue of $2.83 billion and had a net profit of $366 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ES in relation to earlier this year.
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Massachusetts-based Eversource Energy is an electric services company. The company is engaged in the transmission and distribution of electricity, as well as the distribution of natural gas. It also operates regulated water utilities. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution.
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