Eversource Energy (NYSE:ES) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.05-3.20 for the period, compared to the Thomson Reuters consensus estimate of $3.14.
A number of brokerages have recently weighed in on ES. BidaskClub upgraded Eversource Energy from a sell rating to a hold rating in a report on Friday, August 18th. Williams Capital boosted their price target on Eversource Energy from $64.00 to $66.00 and gave the company a buy rating in a report on Monday, October 23rd. Credit Suisse Group boosted their price target on Eversource Energy from $60.00 to $63.00 and gave the company a neutral rating in a report on Monday, October 2nd. Morgan Stanley boosted their price target on Eversource Energy from $64.00 to $66.00 and gave the company an equal weight rating in a report on Thursday, August 10th. Finally, Bank of America Corporation began coverage on Eversource Energy in a report on Tuesday, October 24th. They issued an underperform rating and a $62.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $64.06.
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Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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