Credit Suisse Raises their Rating for Shares of Eversource Energy (NYSE:ES). Are Other Analysts Next?

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Eversource Energy (NYSE:ES) Stock Upgrade

Trading for shares of Eversource Energy (NYSE:ES) should be followed closely this week, as Credit Suisse upped shares to a “Outperform” from a “Neutral”. Additionally analysts have announced a new TP of $73 which is 5.87 % higher.

Eversource Energy (NYSE:ES) Ratings Coverage

Among 6 analysts covering Eversource Energy (NYSE:ES), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Eversource Energy has $71 highest and $59 lowest target. $65’s average target is -5.73% below currents $68.95 stock price. Eversource Energy had 10 analyst reports since June 13, 2018 according to SRatingsIntel. The rating was upgraded by Bank of America on Friday, August 3 to “Neutral”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, July 16 report. The firm earned “Equal-Weight” rating on Monday, November 19 by Barclays Capital. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 11. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, September 21 report. Morgan Stanley maintained Eversource Energy (NYSE:ES) rating on Tuesday, September 11. Morgan Stanley has “Equal-Weight” rating and $67 target. The rating was upgraded by Janney Capital to “Buy” on Friday, June 22. The firm has “Neutral” rating given on Tuesday, September 25 by Citigroup. Morgan Stanley maintained it with “Equal-Weight” rating and $59 target in Wednesday, June 13 report. Wells Fargo maintained the shares of ES in report on Monday, September 17 with “Outperform” rating.

The stock increased 0.31% or $0.21 during the last trading session, reaching $68.95. About 2.39 million shares traded or 57.69% up from the average. Eversource Energy (NYSE:ES) has risen 0.91% since December 4, 2017 and is uptrending. It has underperformed by 14.71% the S&P500.

Analysts await Eversource Energy (NYSE:ES) to report earnings on February, 28. They expect $0.76 earnings per share, up 1.33 % or $0.01 from last year’s $0.75 per share. ES’s profit will be $240.83 million for 22.68 P/E if the $0.76 EPS becomes a reality. After $0.93 actual earnings per share reported by Eversource Energy for the previous quarter, Wall Street now forecasts -18.28 % negative EPS growth.

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company has market cap of $21.85 billion. The firm operates in three divisions: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It has a 21.09 P/E ratio. It is involved in the generation, transmission, and distribution of electricity; and distribution of natural gas.

Another recent and important Eversource Energy (NYSE:ES) news was published by which published an article titled: “Consolidated Research: 2018 Summary Expectations for MarineMax, Fiserv, Fluor, UMH Properties, Eversource Energy, and Newfield Exploration — Fundamental Analysis, Key Performance Indications – Nasdaq” on November 07, 2018.

Eversource Energy (NYSE:ES) Ratings Chart

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