BMO Capital analyst James Thalacker maintained a Buy rating on Entergy yesterday and set a price target of $104.00.
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James Thalacker has given his Buy rating due to a combination of factors that highlight Entergy’s promising financial outlook. The company is expected to present a constructive financial plan refresh, focusing on load growth and investment opportunities, which supports its long-term growth strategy. Despite minor declines in quarterly earnings due to weather-related challenges, Entergy’s trailing twelve-month results remain strong, aligning well with its guidance range.
Furthermore, Entergy’s recent capital plan additions and its strategic focus on regulatory capital deployment under supportive rate plans contribute to a positive outlook. The company’s ability to maintain its long-term EPS growth guidance and potential for incremental EPS revisions further bolster the Buy rating. These factors, combined with the expectation of multiple expansion from additional large load announcements, underscore the positive sentiment towards Entergy’s stock.
In another report released on October 6, Barclays also maintained a Buy rating on the stock with a $98.00 price target.
Based on the recent corporate insider activity of 148 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.