A share price of Centerpoint Energy Inc. [CNP] is currently trading at $29.14, down -0.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNP shares have gain 1.43% over the last week, with a monthly amount glided 2.53%, and 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. experienced fluctuations in its stock price throughout the past year between $25.42 and $31.43. Currently, Wall Street analysts expect the stock to reach $31.11 within the next 12 months. Centerpoint Energy Inc. [NYSE: CNP] shares were valued at $29.14 at the most recent close of the market. An investor can expect a potential return of 6.76% based on the average CNP price forecast.
Analyzing the CNP fundamentals
Trailing Twelve Months sales for Centerpoint Energy Inc. [NYSE:CNP] were 8.70B which represents -19.51% decline. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.1 and Total Capital is 2.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.88.
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 28.63 points at the first support level, and at 28.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.46, and for the 2nd resistance point, it is at 29.78.
Centerpoint Energy Inc. [CNP] reported earnings per share of $0.32 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
To put it in perspective, the Current Ratio for Centerpoint Energy Inc. [NYSE:CNP] is 0.78. Also, the Quick Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 1.90 and price to earnings (TTM) ratio is 21.26.
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.
