In a report issued on March 14, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Entergy (ETR – Research Report), with a price target of $133.00. The company’s shares closed last Tuesday at $111.25.
According to TipRanks.com, Tonet is a 4-star analyst with an average return of 7.4% and a 59.6% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Plains GP Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Entergy with a $120.29 average price target, representing a 7.6% upside. In a report issued on March 2, RBC Capital also maintained a Buy rating on the stock with a $128.00 price target.
Based on Entergy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.72 billion and net profit of $245 million. In comparison, last year the company earned revenue of $2.37 billion and had a net profit of $393 million.
Based on the recent corporate insider activity of 120 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 ETR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.
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