Last Updated: 08 Nov 2024
Executive Summary
CenterPoint Energy Inc. (CNP) is a leading electric and natural gas utility with a market capitalization of $19.26 billion. The company has a strong financial profile, with an EBITDA of $3.08 billion and a trailing PE ratio of 19.74. Analysts are generally positive on the stock, with a consensus target price of $30.89. The latest stock price is $29.37, offering a potential upside of 5.2%.
Company Overview
CenterPoint Energy is an American Fortune 500 company that provides electric and natural gas services to customers in seven states. The company has a long history of operations, dating back to the early 1900s. Today, CenterPoint Energy is one of the largest electric and gas utilities in the United States.
Fundamental Analysis
CenterPoint Energy has a strong financial profile. The company's revenue has grown steadily in recent years, reaching $8.56 billion in the trailing twelve months. The company's net income has also grown, reaching $1.04 billion in the trailing twelve months. CenterPoint Energy has a healthy balance sheet, with total debt of $10.3 billion and total equity of $11.4 billion.
Technical Analysis
The technical analysis of CenterPoint Energy's stock price shows that the stock is currently trading in a range between $25.39 and $31.32. The stock's 50-day moving average is $28.89, and its 200-day moving average is $28.66. The stock's relative strength index (RSI) is 52.6, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for CenterPoint Energy's stock is mixed. The stock's price is currently trading near the middle of its recent range. The stock's RSI is also neutral. This suggests that the stock is likely to continue to trade in a range in the near term.
Long Term Outlook
The long-term outlook for CenterPoint Energy's stock is positive. The company has a strong financial profile and a growing customer base. The company's earnings are expected to grow in the coming years, as the demand for electricity and natural gas continues to increase.
Analyst Recommendations
Analysts are generally positive on CenterPoint Energy's stock. The consensus target price for the stock is $30.89, which implies a potential upside of 5.2% from the current price. Three analysts have a strong buy rating on the stock, two analysts have a buy rating, and twelve analysts have a hold rating.
