Citigroup Now Covering Eversource Energy (NYSE:ES) With $51.00 Target


Why Has Citigroup Given Eversource Energy (NYSE:ES) a $51.00 Price Target

Citigroup analyst started coverage with a Neutral rating on Eversource Energy (NYSE:ES) today and set a price target of $51.00. The firm’s shares opened today at 50.84.

From a total of 16 analysts covering Eversource Energy (NYSE:ES) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $58 while the lowest target price is $48.5. The mean of all analyst targets is $52.98 with a 7.08% above today’s ($50.84) stock price. Eversource Energy was the topic of 4 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on October 27 with “Buy” rating. Mizuho initiated ES stock in a recent report from August 7 with “Neutral” rating.

Approximately 635,763 shares of stock traded hands. Eversource Energy (NYSE:ES) has risen 1.11% since April 28, 2015 and is uptrending. It has outperformed by 2.74% the S&P500.

Citigroup Now Covering Eversource Energy (NYSE:ES) With $51.00 Target

Eversource Energy, formerly Northeast Utilities, is a utility holding firm engaged in the energy delivery business. The company has a market cap of $15.99 billion. The Firm operates through three divisions: electric distribution, electric transmission and natural gas distribution. It has 17.63 P/E ratio. The Company’s electric distribution segment provides electricity to retail clients in Connecticut and eastern Massachusetts.

According to Zacks Investment Research, “Eversource Energy is engaged in transmission and distribution of electricity and natural gas. The company operates primarily in Connecticut, Massachusetts and New Hampshire. Eversource Energy, formerly known as Northeast Utilities, is based in Springfield, Massachusetts.” Get a free copy of the Zacks research report on Eversource Energy (ES)