Analysts at Macquarie lowered their target price on shares of Entergy Corp. (NYSE:ETR) from $74.00 to $71.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 8.46% from the company’s current price.
A number of other firms have also recently commented on ETR. Analysts at Deutsche Bank cut their price target on shares of Entergy Corp. from $73.00 to $70.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Entergy Corp. from $65.00 to $62.00 in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Entergy Corp. in a research note to investors on Friday, October 25th. They now have a $82.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Entergy Corp. presently has an average rating of “Hold” and an average target price of $68.64.
Entergy Corp. (NYSE:ETR) traded down 0.91% during mid-day trading on Wednesday, hitting $65.46. The stock had a trading volume of 1,708,078 shares. Entergy Corp. has a 1-year low of $61.09 and a 1-year high of $72.98. The stock has a 50-day moving average of $65.07 and a 200-day moving average of $67.14. The company has a market cap of $11.670 billion and a P/E ratio of 12.29.
Entergy Corp. (NYSE:ETR) last released its earnings data on Tuesday, October 29th. The company reported $2.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.16 by $0.25. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company posted $1.95 earnings per share. Entergy Corp.’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that Entergy Corp. will post $4.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Tuesday, November 5th.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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