At the time of writing, Constellation Energy Corporation [CEG] stock is trading at $172.41, up 2.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CEG shares have gain 2.40% over the last week, with a monthly amount glided 31.45%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, Constellation Offers Nation’s First Corporate Green Bond for Nuclear Energy. In a post published today on Yahoo Finance, Green financing instrument reinforces role of clean, reliable nuclear energy in achieving sustainability goals.
From an analyst’s perspective:
Constellation Energy Corporation [NASDAQ: CEG] stock has seen the most recent analyst activity on February 28, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $190 for it. Previously, Seaport Research Partners downgraded its rating to Neutral on November 29, 2023. On June 21, 2023, downgrade downgraded it’s rating to Sector Weight. Credit Suisse downgraded its rating to a Neutral and decreased its price target to $83 on February 22, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $88 on February 21, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on January 17, 2023, and upped its price target to $91. In a note dated October 03, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $98 on this stock.
For the past year, the stock price of Constellation Energy Corporation fluctuated between $71.16 and $185.58. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. Constellation Energy Corporation [NASDAQ: CEG] shares were valued at $172.41 at the most recent close of the market. An investor can expect a potential drop of -48.38% based on the average CEG price forecast.
Analyzing the CEG fundamentals
According to Constellation Energy Corporation [NASDAQ:CEG], the company’s sales were 22.07B for trailing twelve months, which represents an -33.67% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.15 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 169.11 points at the first support level, and at 165.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.86, and for the 2nd resistance point, it is at 177.31.
Constellation Energy Corporation [CEG] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.92/share, meaning a difference of -$2.03 and a surprise factor of -105.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.26 per share as compared to estimates of $1.42 per share, a difference of $0.84 representing a surprise of 59.20%.
Ratios To Look Out For
It is important to note that Constellation Energy Corporation [NASDAQ:CEG] has a current ratio of 1.31. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 5.00 and price to earnings (TTM) ratio is 34.44.
