Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Emera (EMRAF – Research Report), CMS Energy (CMS – Research Report) and American Electric Power (AEP – Research Report).
Emera (EMRAF)
In a report released yesterday, Ross Fowler from UBS downgraded Emera to Hold, with a price target of C$59.00. The company’s shares closed last Tuesday at $41.45.
According to TipRanks.com, Fowler is a 3-star analyst with an average return of
Emera has an analyst consensus of Moderate Buy, with a price target consensus of $44.76, which is a 7.9% upside from current levels. In a report issued on May 24, Credit Suisse also maintained a Hold rating on the stock with a C$60.00 price target.
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CMS Energy (CMS)
J.P. Morgan analyst Richard Sunderland maintained a Buy rating on CMS Energy on June 5 and set a price target of $66.00. The company’s shares closed last Tuesday at $59.29.
According to TipRanks.com, Sunderland is a 2-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CMS Energy with a $66.75 average price target, which is an 11.2% upside from current levels. In a report released yesterday, UBS also upgraded the stock to Buy with a $68.00 price target.
American Electric Power (AEP)
J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on American Electric Power yesterday and set a price target of $94.00. The company’s shares closed last Tuesday at $83.44, close to its 52-week low of $80.30.
According to TipRanks.com, Tonet is a 4-star analyst with an average return of
American Electric Power has an analyst consensus of Moderate Buy, with a price target consensus of $96.61, a 15.7% upside from current levels. In a report issued on May 22, Morgan Stanley also maintained a Buy rating on the stock with a $104.00 price target.
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