Evercore ISI slashes price target on CenterPoint Energy Inc. [CNP] – find out why.

CenterPoint Energy Inc. [NYSE: CNP] stock went on an upward path that rose over 0.52% on Wednesday, amounting to a one-week price increase of more than 2.46%. The company report on April 2, 2021 that CenterPoint Energy named to Newsweek’s Most Responsible Companies List for 2021.

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CenterPoint Energy has been recognized as one of the most responsible companies in the United States by Newsweek. For the second time, Newsweek recognized America’s Most Responsible Companies based on publicly available key performance indicators derived from corporate social responsibility, sustainability and corporate citizenship reports, as well as an independent survey.

“CenterPoint Energy is focused on delivering responsibility through our commitment to leadership, sustainability, safety, diversity and inclusion in all the communities we serve,” said Angila Retherford, CenterPoint Energy’s Vice President, Environmental and Corporate Responsibility. “We are honored to be named one of the most responsible companies in the country, as we continue to strive to build strong communities, safely deliver reliable electricity and natural gas, and invest in a clean energy future.”.

Over the last 12 months, CNP stock rose by 52.68%. The one-year CenterPoint Energy Inc. stock forecast points to a potential upside of 4.65. The average equity rating for CNP stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $12.88 billion, with 549.00 million shares outstanding and 543.19 million shares in the current float. Compared to the average trading volume of 4.66M shares, CNP stock reached a trading volume of 3693545 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on CenterPoint Energy Inc. [CNP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNP shares is $24.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNP stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for CenterPoint Energy Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on February 26, 2021. The new note on the price target was released on January 21, 2021, representing the official price target for CenterPoint Energy Inc. stock. Previously, the target price had yet another raise from $26 to $27, while Goldman kept a Buy rating on CNP stock. On January 06, 2021, analysts decreased their price target for CNP shares from 25 to 24.

The Average True Range (ATR) for CenterPoint Energy Inc. is set at 0.53, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 1.85.

CNP Stock Performance Analysis:

CenterPoint Energy Inc. [CNP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.46. With this latest performance, CNP shares gained by 12.25% in over the last four-week period, additionally plugging by 15.70% over the last 6 months – not to mention a rise of 52.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNP stock in for the last two-week period is set at 67.78, with the RSI for the last a single of trading hit 73.08, and the three-weeks RSI is set at 63.65 for CenterPoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 21.47, while it was recorded at 22.97 for the last single week of trading, and 20.97 for the last 200 days.

Insight into CenterPoint Energy Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and CenterPoint Energy Inc. [CNP] shares currently have an operating margin of +16.50 and a Gross Margin at +23.46. CenterPoint Energy Inc.’s Net Margin is presently recorded at -7.97.

Return on Total Capital for CNP is now 5.29, given the latest momentum, and Return on Invested Capital for the company is -2.78. Return on Equity for this stock declined to -7.07, with Return on Assets sitting at -1.67. When it comes to the capital structure of this company, CenterPoint Energy Inc. [CNP] has a Total Debt to Total Equity ratio set at 172.80. Additionally, CNP Total Debt to Total Capital is recorded at 63.34, with Total Debt to Total Assets ending up at 41.96. Long-Term Debt to Equity for the company is recorded at 192.93, with the Long-Term Debt to Total Capital now at 50.70.

Reflecting on the efficiency of the workforce at the company, CenterPoint Energy Inc. [CNP] managed to generate an average of -$45,518 per employee. Receivables Turnover for the company is 4.63 with a Total Asset Turnover recorded at a value of 0.21.CenterPoint Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

CNP Stock EPS

With the latest financial reports released by the company, CenterPoint Energy Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 47.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CenterPoint Energy Inc. go to -5.88%.

CenterPoint Energy Inc. [CNP] Insider Position Details

There are presently around $12,098 million, or 96.30% of CNP stock, in the hands of institutional investors. The top three institutional holders of CNP stocks are: VANGUARD GROUP INC with ownership of 64,911,895, which is approximately 0.272% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 43,312,610 shares of the stock with an approximate value of $1.01 billion in CNP stocks shares; and FMR LLC, currently with $733.78 million in CNP stock with ownership of nearly -2.463% of the company’s market capitalization.

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Positions in CenterPoint Energy Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 271 institutional holders increased their position in CenterPoint Energy Inc. [NYSE:CNP] by around 49,385,699 shares. Additionally, 237 investors decreased positions by around 45,591,082 shares, while 91 investors held positions by with 422,918,461 shares. The mentioned changes placed institutional holdings at 517,895,242 shares, according to the latest SEC report filing. CNP stock had 108 new institutional investments in for a total of 14,744,753 shares, while 50 institutional investors sold positions of 4,491,106 shares during the same period.

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