At the time of writing, Centerpoint Energy Inc. [CNP] stock is trading at $28.96, down -0.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNP shares have gain 2.40% over the last week, with a monthly amount drifted -7.42%, 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 July 17, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $29 from $30. Previously, Evercore ISI downgraded its rating to In-line on January 23, 2024, and elevated its price target to $30. On October 05, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $29 on the stock. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $28 on August 23, 2023. Mizuho downgraded its rating to a Neutral. Guggenheim upgraded its rating to Buy for this stock on June 12, 2023, but kept the price target unchanged to $32. In a note dated June 06, 2023, UBS downgraded an Neutral rating on this stock and revised its target price from $33 to $30.
For the past year, the stock price of Centerpoint Energy Inc. fluctuated between $25.42 and $31.57. Currently, Wall Street analysts expect the stock to reach $31.2 within the next 12 months. Centerpoint Energy Inc. [NYSE: CNP] shares were valued at $28.96 at the most recent close of the market. An investor can expect a potential return of 7.73% based on the average CNP price forecast.
Analyzing the CNP fundamentals
According to Centerpoint Energy Inc. [NYSE:CNP], the company’s sales were 8.54B for trailing twelve months, which represents an -5.72% plunge. Gross Profit Margin for this corporation currently stands at 0.4% 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 0.02, Equity is 0.1 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.97.
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 28.79 points at the first support level, and at 28.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.16, and for the 2nd resistance point, it is at 29.35.
Ratios To Look Out For
It is important to note that Centerpoint Energy Inc. [NYSE:CNP] has a current ratio of 1.25. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 1.83 and price to earnings (TTM) ratio is 20.28.
Transactions by insiders
Recent insider trading involved Smitherman Barry T, Director, that happened on May 03 ’24 when 5670.0 shares were sold. EVP and CFO, Foster Christopher A completed a deal on Nov 29 ’23 to buy 5000.0 shares. Meanwhile, CEO LESAR DAVID J bought 37000.0 shares on Nov 13 ’23.
