Duke Energy Corp. Price Target Cut to $73.00 by Analysts at Sanford C. Bernstein (DUK)
Analysts at Sanford C. Bernstein lowered their price objective on shares of Duke Energy Corp. (NYSE:DUK) from $75.00 to $73.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. Sanford C. Bernstein’s price objective suggests a potential upside of 9.12% from the company’s current price.
A number of other firms have also recently commented on DUK. Analysts at Argus upgraded shares of Duke Energy Corp. (NYSE:DUK) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 25th. They now have a $79.00 price target on the stock. Separately, analysts at Barclays Capital reiterated a “buy” rating on shares of Duke Energy Corp. (NYSE:DUK) in a research note to investors on Tuesday, September 3rd. They now have a $78.00 price target on the stock. Finally, analysts at Macquarie cut their price target on shares of Duke Energy Corp. (NYSE:DUK) from $75.00 to $74.00 in a research note to investors on Tuesday, September 3rd. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $74.86.
Shares of Duke Energy Corp. (NYSE:DUK) opened at 66.90 on Friday. Duke Energy Corp. has a 1-year low of $59.63 and a 1-year high of $75.46. The stock has a 50-day moving average of $66. and a 200-day moving average of $69.56. The company has a market cap of $47.225 billion and a price-to-earnings ratio of 23.66. Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.07. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, analysts predict that Duke Energy Corp. will post $4.31 earnings per share for the current fiscal year.
Duke Energy Corporation (NYSE:DUK) is an energy company.