At the time of writing, Centerpoint Energy Inc [CNP] stock is trading at $29.53, up 0.92%. 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 0.17% over the last week, with a monthly amount drifted -1.73%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on August 13, 2024, and dropped its price target to $28. On August 02, 2024, downgrade downgraded it’s rating to Sector Weight. JP Morgan downgraded its rating to a Neutral and decreased its price target to $29 on August 02, 2024. BMO Capital Markets downgraded its rating to a Market Perform and reduced its price target to $28 on August 02, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on July 17, 2024, and downed its price target to $29. In a note dated January 23, 2024, Evercore ISI downgraded an In-line rating on this stock and boosted its target price from $29 to $30.
For the past year, the stock price of Centerpoint Energy Inc fluctuated between $25.41 and $31.57. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Centerpoint Energy Inc [NYSE: CNP] shares were valued at $29.53 at the most recent close of the market. An investor can expect a potential return of 4.98% based on the average CNP price forecast.
Analyzing the CNP fundamentals
According to Centerpoint Energy Inc [NYSE:CNP], the company’s sales were 8.56B for trailing twelve months, which represents an -0.22% plunge. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.21%, 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 0.22, Equity is 0.09 and Total Capital is 3.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.86.
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 29.10 points at the first support level, and at 28.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.01, and for the 2nd resistance point, it is at 30.50.
Ratios To Look Out For
It is important to note that Centerpoint Energy Inc [NYSE:CNP] has a current ratio of 1.11. Also, the Quick Ratio is 0.92, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 1.83 and price to earnings (TTM) ratio is 19.57.
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.
