Stock To Watch: CenterPoint Energy, Inc. (NYSE:CNP)


The leading market experts have placed a mean price target of $24.170 on CenterPoint Energy, Inc. (NYSE:CNP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.270 a share for the upcoming quarter and $1.150 for the current fiscal.

Technical View

The technical analysis of CenterPoint Energy, Inc (Holdin plainly substantiates that the 50-day moving average of CenterPoint Energy, Inc (Holdin is $23.615, and stock is trading $-1.210 points away or -5.124% from its 50-day moving average of $23.615. Further it is trading $0.773 or +3.574% away its 200-day moving average of $21.632. CenterPoint Energy, Inc. (NYSE:CNP) 52-week high is $24.710 and the 52-week low is $16.050.

This explains if the stock moves $-2.305, it will post a 52-week high. In event of +39.595% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of CenterPoint Energy, Inc (Holdin, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CenterPoint Energy, Inc. (NYSE:CNP) ratio came in at N/A.

The stock last ended the trading session at $22.405 and registered a market cap of $9.65B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CenterPoint Energy, Inc. (NYSE:CNP) PEG ratio is at 3.750.

1 Chart Pattern Every Investor Should Know

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