Centerpoint Energy Inc. (NYSE:CNP) does about 3.97M shares in volume on a normal day but saw 4073447 shares change hands in Friday trading. The company now has a market cap of 17.58B USD. Its current market price is $27.83, marking a decrease of -0.57% compared to the previous close of $27.99. The 52 week high reached by this stock is $31.43 whilst the lowest price level in 52 weeks is $25.42.
Centerpoint Energy Inc. (CNP) has a 20-day trading average at $27.93 and the current price is -11.47% off the 52-week high compared with 9.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $27.86 and its 200-day simple moving average is $28.31. If we look at the stock’s price movements over the week, volatility stands at 1.26%, which increases to 1.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.15 to suggest the stock is neutral.
The consensus objective for the share price is $30.74, suggesting that the stock has a potential upside of 9.47% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 23, 2024 when Evercore ISI downgraded the stock to “In-line” and issued a price target of between $29 and $30. KeyBanc Capital Markets upgraded the stock to “Overweight” from Sector Weight on October 05, 2023 at a price target of $29. Barclays initiated its price target at $28.
Centerpoint Energy Inc. (CNP) stock is down -0.14% over the week and -0.14% over the past month. Its price is -2.59% year-to-date and 0.65% over the past year.
CNP’s earnings per share are forecast to grow by 8.00% this year and 7.40% over next year. Expected sales for next quarter are $1.9 billion, which analysts say will come at $9.31 billion for the current fiscal year and next year at $9.64 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.65 billion.
To reach the target analysts have set, the stock logically needs to grow 9.47 percent from here.
Outstanding shares total 631.23M with insiders holding 0.34% of the shares and institutional holders owning 92.99% of the company’s common stock. The company has a return on investment of 3.18% and return on equity of 9.31%. The price to earnings ratio (P/E ratio) amounts to 20.31 while the forward price to earnings ratio is 16.02. The beta has a value of 0.93. Price to book ratio is 1.82 and price to sales ratio is 2.02.
