Evaluating CenterPoint Energy: Insights From 6 Financial Analysts
Portfolio Pulse from Benzinga Insights
CenterPoint Energy (NYSE:CNP) received mixed ratings from 6 analysts, with 5 somewhat bullish and 1 somewhat bearish. The average 12-month price target is $29.17, down from $30.33, with a high of $32.00 and a low of $27.00. Analysts from Keybanc, Morgan Stanley, Barclays, JP Morgan, and BMO Capital have adjusted their ratings and price targets. CenterPoint's financials show a -2.26% revenue decline, a high net margin of 13.76%, an ROE of 2.67%, an ROA of 0.66%, and a debt-to-equity ratio of 1.91.
January 04, 2024 | 1:00 pm
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NEUTRAL IMPACT
CenterPoint Energy has a mixed outlook from analysts, with a lowered average price target of $29.17. Financial performance shows strong profitability but a decline in revenue growth.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on CNP's stock price. The strong net margin, ROE, and ROA indicate good financial health, which might counterbalance the negative sentiment from the revenue decline and support a stable stock performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100