Centerpoint Energy Inc. [CNP] stock prices are up 0.07% to $28.44 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNP shares have gain 3.04% over the last week, with a monthly amount glided 3.64%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, CenterPoint Energy Announces 2024 Annual Meeting of Shareholders. In a post published today on Yahoo Finance, Meeting to be held Friday, April 26 at 9 a.m. CT.
From an analyst’s perspective:
Centerpoint Energy Inc. [NYSE: CNP] stock has seen the most recent analyst activity on January 23, 2024, when Evercore ISI downgraded its rating to a In-line and also boosted its price target to $30 from $29. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on October 05, 2023, and kept the price target unchanged to $29. On August 23, 2023, Barclays initiated with a Underweight rating and assigned a price target of $28 on the stock. Mizuho downgraded its rating to a Neutral. Guggenheim upgraded its rating to a Buy but $32 remained the price target by the analyst firm on June 12, 2023. UBS downgraded its rating to Neutral for this stock on June 06, 2023, and downed its price target to $30. In a note dated January 23, 2023, Guggenheim downgraded an Neutral rating on this stock and boosted its target price from $31 to $32.
The stock price of Centerpoint Energy Inc. [CNP] has been fluctuating between $25.42 and $31.43 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Centerpoint Energy Inc. [NYSE: CNP] shares were valued at $28.44 at the most recent close of the market. An investor can expect a potential return of 9.0% based on the average CNP price forecast.
Analyzing the CNP fundamentals
The Centerpoint Energy Inc. [NYSE:CNP] reported sales of 8.70B for trailing twelve months, representing a drop of -19.51%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.93.
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 28.31 points at the first support level, and at 28.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.68, and for the 2nd resistance point, it is at 28.91.
Centerpoint Energy Inc. [CNP] reported earnings per share of $0.32 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 $0.32/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.4 per share as compared to estimates of $0.35 per share, a difference of $0.05 representing a surprise of 14.30%.
Ratios To Look Out For
It’s worth pointing out that Centerpoint Energy Inc. [NYSE:CNP]’s Current Ratio is 0.78. In addition, the Quick Ratio stands at 0.58 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 20.75.
Transactions by insiders
Recent insider trading involved Foster Christopher A, EVP and CFO, that happened on Nov 29 ’23 when 5000.0 shares were purchased. CEO, LESAR DAVID J completed a deal on Nov 13 ’23 to buy 37000.0 shares. Meanwhile, President & COO Wells Jason P. bought 10000.0 shares on Nov 09 ’23.
