Investment analysts at Goldman Sachs Group Inc. increased their price objective on shares of Calpine Corp. (NYSE:CPN) from $22.00 to $24.00 in a note issued to investors on Monday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 14.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of Calpine Corp. from $28.00 to $29.00 in a research note to investors on Wednesday, October 16th. Separately, analysts at Barclays cut their price target on shares of Calpine Corp. from $25.00 to $24.00 in a research note to investors on Tuesday, October 15th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG cut their EPS estimates on shares of Calpine Corp. in a research note on Friday. They now have a “buy” rating and a $22.00 price target on the stock. They previously had a $23.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.80.
Calpine Corp. (NYSE:CPN) opened at 20.92 on Monday. Calpine Corp. has a 52-week low of $16.47 and a 52-week high of $22.16. The stock’s 50-day moving average is $19.37 and its 200-day moving average is $20.34. The company has a market cap of $9.184 billion and a price-to-earnings ratio of 28.16.
Calpine Corporation (NYSE:CPN) is an independent wholesale power producer in the United States.
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