Entergy Corp [NYSE: ETR] price surged by 15.16 percent to reach at $20.38.
The one-year ETR stock forecast points to a potential downside of -10.95. The average equity rating for ETR stock is currently 1.85, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Entergy Corp [ETR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETR shares is $139.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETR stock is a recommendation set at 1.85. 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.
Barclays have made an estimate for Entergy Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 17, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $94 to $110. The new note on the price target was released on November 21, 2023, representing the official price target for Entergy Corp stock. Previously, the target price had yet another raise to $117, while RBC Capital Mkts analysts kept a Sector Perform rating on ETR stock. On November 06, 2023, analysts increased their price target for ETR shares from 103 to 118.
The Average True Range (ATR) for Entergy Corp is set at 3.29, with the Price to Sales ratio for ETR stock in the period of the last 12 months amounting to 2.74. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 6.34.
ETR Stock Performance Analysis:
Entergy Corp [ETR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.59. With this latest performance, ETR shares gained by 16.61% in over the last four-week period, additionally plugging by 44.44% over the last 6 months – not to mention a rise of 61.92% 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 ETR stock in for the last two-week period is set at 84.13, with the RSI for the last a single of trading hit 86.62, and the three-weeks RSI is set at 82.13 for Entergy Corp [ETR]. The present Moving Average for the last 50 days of trading for this stock 129.16, while it was recorded at 139.00 for the last single week of trading, and 112.37 for the last 200 days.
Insight into Entergy Corp Fundamentals:
Entergy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.58 and a Current Ratio set at 0.90.
ETR Stock EPS
With the latest financial reports released by the company, Entergy Corp posted 3.27/share EPS, while the average EPS was predicted by analysts to be reported at 3.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.25. 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 ETR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Entergy Corp go to 7.00%.
Entergy Corp [ETR] Institutonal Ownership Details
There are presently around $93.34%, or 93.54%% of ETR stock, in the hands of institutional investors. The top three institutional holders of ETR stocks are: VANGUARD GROUP INC with ownership of 25.71 million shares, which is approximately 12.0644%. BLACKROCK INC., holding 18.77 million shares of the stock with an approximate value of $$2.01 billion in ETR stocks shares; and BLACKROCK INC., currently with $$1.21 billion in ETR stock with ownership which is approximately 5.2923%.
