SCANA Corp. (NYSE:SCG) had its price target reduced by Goldman Sachs Group Inc. from $46.00 to $45.00 in a research note issued to investors on Monday, American Banking News.com reports. The firm currently has a hold rating on the stock.
SCANA Corp. (NYSE:SCG) traded down 0.28% during mid-day trading on Monday, hitting $47.05. 262,687 shares of the company’s stock traded hands. SCANA Corp. has a 52-week low of $44.72 and a 52-week high of $54.41. The stock’s 50-day moving average is $49.25 and its 200-day moving average is $50.48. The company has a market cap of $6.586 billion and a P/E ratio of 13.84.
SCANA Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.07. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $902.07 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that SCANA Corp. will post $3.38 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SCG. Analysts at Barclays cut their price target on shares of SCANA Corp. from $56.00 to $51.00 in a research note to investors on Friday, October 4th. They now have an equal weight rating on the stock. Finally, analysts at Macquarie cut their price target on shares of SCANA Corp. from $52.00 to $49.00 in a research note to investors on Tuesday, September 3rd. They now have a neutral rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $50.70.
SCANA Corporation is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.
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