Centerpoint Energy Inc. [CNP] stock is trading at $27.70, up 1.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CNP shares have gain 1.21% over the last week, with a monthly amount drifted -0.86%, and not seem to be holding up well over a long-time horizon.
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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.
Centerpoint Energy Inc. [CNP] stock has fluctuated 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 $27.70 at the most recent close of the market. An investor can expect a potential return of 11.91% based on the average CNP price forecast.
Analyzing the CNP fundamentals
Centerpoint Energy Inc. [NYSE:CNP] reported sales of 8.70B for the trailing twelve months, which represents 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.93.
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 27.43 points at the first support level, and at 27.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.88, and for the 2nd resistance point, it is at 28.05.
Ratios To Look Out For
For context, Centerpoint Energy Inc.’s Current Ratio is 0.78. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 20.21.
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.
