Centerpoint Energy Inc. [NYSE: CNP] traded at a low on Monday, posting a -1.02 loss after which it closed the day’ session at $26.20.
The results of the trading session contributed to over 7408874 shares changing hands. Over the past one week, the price volatility of Centerpoint Energy Inc. stands at 2.77% while the volatility over the past one month is 2.82%.
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The market cap for CNP stock reached $16.82 billion, with 641.97 million shares outstanding and 639.31 million shares in the current float. Compared to the average trading volume of 6.24M shares, CNP reached a trading volume of 7408874 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $30.31 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 2.50. 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.
KeyBanc Capital Markets have made an estimate for Centerpoint Energy Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $32 to $29. The new note on the price target was released on August 02, 2024, representing the official price target for Centerpoint Energy Inc. stock. Previously, the target price had yet another drop from $31 to $28, while BMO Capital Markets kept a Market Perform rating on CNP stock. On July 17, 2024, analysts decreased their price target for CNP shares from 30 to 29.
The Average True Range (ATR) for Centerpoint Energy Inc. is set at 0.76, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 0.87.
How has CNP stock performed recently?
Centerpoint Energy Inc. [CNP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.04. With this latest performance, CNP shares dropped by -13.53% in over the last four-week period, additionally sinking by -4.83% over the last 6 months – not to mention a drop of -8.87% 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 33.07, with the RSI for the last a single of trading hit 32.50, and the three-weeks RSI is set at 34.77 for Centerpoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 29.43, while it was recorded at 26.07 for the last single week of trading, and 28.57 for the last 200 days.
Centerpoint Energy Inc. [CNP]: Deeper insight into the fundamentals
Centerpoint Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 1.20.
Earnings analysis for Centerpoint Energy Inc. [CNP]
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 7.45%.
Insider trade positions for Centerpoint Energy Inc. [CNP]
The top three institutional holders of CNP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CNP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CNP stock with ownership which is approximately 5.1238%.
