J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on Ameren (AEE – Research Report) yesterday and set a price target of $101.00. The company’s shares closed last Monday at $91.80, close to its 52-week high of $92.00.
According to TipRanks.com, Tonet is a 4-star analyst with an average return of 7.9% and a 60.7% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Plains GP Holdings.
Ameren has an analyst consensus of Moderate Buy, with a price target consensus of $94.33, a 3.9% upside from current levels. In a report issued on March 25, Wells Fargo also maintained a Buy rating on the stock with a $100.00 price target.
Ameren’s market cap is currently $23.66B and has a P/E ratio of 23.90.
Based on the recent corporate insider activity of 70 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 AEE 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.
Ameren Corp. operates as a public utility holding company that provides electric and natural gas services. It operates through the following business segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois. The Ameren Illinois Natural Gas segment consists of the natural gas business of Ameren Illinois. The Ameren Transmission segment primarily consists of the aggregated electric transmission businesses of Ameren Illinois and ATXI. The company was founded in 1902 and is headquartered in St. Louis, MO.
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