Morgan Stanley Sticks to Their Hold Rating for Centerpoint Energy Inc
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Centerpoint Energy (NYSE:CNP) Inc on Friday, setting a price target of $19, which is approximately 12.43% above the present share price of $16.9.
Byrd expects Centerpoint Energy Inc to post earnings per share (EPS) of -$2.44 for the second quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Hold rating of shares in Centerpoint Energy, with an average price target of $20.14.
The analysts price targets range from a high of $28 to a low of $16.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.17 billion and a net profit of $402 million. The company's market cap is $8.69 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate.
CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in seven states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream (NYSE:ENBL) Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region.
