CenterPoint Energy, Inc. – Consensus ‘buy’ rating and 9.2% Upside Potential

Broker Ratings
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CenterPoint Energy, Inc. with ticker code (CNP) have now 15 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $34.00 and $28.00 calculating the average target price we see $30.47. Given that the stocks previous close was at $27.91 this indicates there is a potential upside of 9.2%. It’s also worth noting that there is a 50 day moving average of $28.26 and the 200 day moving average is $28.41. The company has a market capitalization of 17.24B. The stock price for the company is currently $27.30 USD

The potential market cap would be $18,824,088,842 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 19.93, revenue per share of $13.78 and a 2.77% return on assets.

CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission, distribution and generation and natural gas distribution facilities, and provides energy performance contracting and sustainable infrastructure services. Its segments include Electric and Natural Gas. Its Electric segment consists of electric transmission and distribution services. Its Natural Gas segment consists of intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies, and home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio and Texas through a third party.

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