Stock analysts at Macquarie reduced their price target on shares of PG&E Corp. (NYSE:PCG) from $45.00 to $43.00 in a report issued on Tuesday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Macquarie’s price target points to a potential upside of 4.85% from the company’s current price.
A number of other firms have also recently commented on PCG. Analysts at Wolfe Research downgraded shares of PG&E Corp. (NYSE:PCG) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, August 22nd. Separately, analysts at ISI Group downgraded shares of PG&E Corp. (NYSE:PCG) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, July 17th. They now have a $45.75 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PG&E Corp. (NYSE:PCG) in a research note to investors on Monday, June 24th. They now have a $47.00 price target on the stock.
Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. PG&E Corp. currently has an average rating of “Hold” and a consensus target price of $47.85.
Shares of PG&E Corp. (NYSE:PCG) traded down 0.85% during mid-day trading on Tuesday, hitting $41.01. 4,252,349 shares of the company’s stock traded hands. PG&E Corp. has a 52 week low of $39.40 and a 52 week high of $48.50. The stock has a 50-day moving average of $44.2 and a 200-day moving average of $44.92. The company has a market cap of $18.256 billion and a price-to-earnings ratio of 19.62.
PG&E Corp. (NYSE:PCG) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that PG&E Corp. will post $2.64 earnings per share for the current fiscal year.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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