Zacks lowered shares of UNS Energy Corp (NYSE:UNS) from an outperform rating to a neutral rating in a research report released on Thursday morning, Analyst Ratings.Net reports. Zacks currently has $54.10 price objective on the stock.
UNS Energy Corp (NYSE:UNS) opened at 47.81 on Thursday. UNS Energy Corp has a one year low of $40.89 and a one year high of $51.86. The stock has a 50-day moving average of $48.51 and a 200-day moving average of $47.76. The company has a market cap of $1.986 billion and a price-to-earnings ratio of 16.39.
UNS Energy Corp (NYSE:UNS) last announced its earnings results on Wednesday, November 6th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.60 by $0.02. The company had revenue of $437.04 million for the quarter, compared to the consensus estimate of $490.50 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that UNS Energy Corp will post $3.06 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Ladenburg Thalmann raised their price target on shares of UNS Energy Corp from $46.00 to $51.00 in a research note to investors on Thursday, November 7th. They now have a neutral rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of UNS Energy Corp from $52.00 to $51.50 in a research note to investors on Thursday, November 7th. They now have a hold rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of UNS Energy Corp from $54.50 to $52.00 in a research note to investors on Monday, October 21st. They now have a hold rating on the stock. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus price target of $52.20.
UNS Energy Corporation, formerly UniSource Energy Corporation, is a holding company. The Company owns the outstanding common stock of Tucson Electric Power Company (NYSE:UNS), UniSource Energy Services, Inc (UES), UniSource Energy Development Company (UED), and Millennium Energy Holdings, Inc (Millennium).
To view Zacks’ full report, visit www.zacks.com
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