Looking into the technicals, CenterPoint Energy, Inc. (NYSE:CNP) has scored 80% Buy indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the CNP’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 5098650 shares. CNP stock has overall a 0.5% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 5446152 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 6066402 shares, is 100% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $30.57. Below this, the next support is placed in the zone of $30.32. Till the time, the CNP stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 66.05 on daily chart, which may remain a cause for concern. If the price breaks below $30.32 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $30.96 mark may result into a pull-back move towards $31.1 level.
CenterPoint Energy, Inc. (CNP) is projected to climb by -0.88 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $34 price as 12-month high target. This represents a whopping 10.35 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $31, which represents a return potential of 0.62 percent when compared to the closing price of the stock of $30.81 on Thursday, February 07. The lowest price target for the stock is $27 — slightly more than -12.37 percent from CNP’s current share price.
Here’s a rundown of insider trading activity for sense of CenterPoint Energy, Inc. (NYSE:CNP). The earliest insider trade took place on 02/01/2019. Prochazka Scott M parted with a total of 4 thousand shares of company at average share price of $30.72. The total for the sales was set at $122.88 thousand. After this transaction, the President & CEO account balance stood at 292.28 thousand shares. The stock lost -0.39 percent since that insider sale. On 12/03/2018, Prochazka Scott M, President & CEO, sold 4 thousand shares at a price per share of $28.17. This removed 112.68 thousand shares from the insider’s fortune and the stock saw a 8.63 percent rally in value since the news became public. This transaction left 300.22 thousand shares in the President & CEO account. On 11/01/2018, President & CEO Prochazka Scott M performed a sale transaction worth $108.36 thousand. This sale at $27.09 each has eliminated 4 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 12.96 percent increase since the transaction was reported. The insider now is left with 304.23 thousand shares remaining in the account. Prochazka Scott M, who performs the President & CEO job, sold 4 thousand shares for $110.16 thousand. The disposal occurred on 10/01/2018 was priced at $27.54 per share. The share price soared 11.11 percent since the reporting date. Prochazka Scott M now left with a stake of 308.22 thousand CNP stock worth $9.5 million after the insider selling.
CNP shares accumulated 0.21 points or 0.69 percent on Thursday to $30.81 with a light trade volume of 3.956 million shares. After opening the session at $30.63, the shares went as high as $30.86 and as low as $30.47, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15.6 billion and now has 506.74 million shares outstanding. CenterPoint Energy, Inc. (CNP) stock has gained 5.01 percent of market value in 21 trading days.
Analysts at RBC Capital Mkts upped their rating on shares of CenterPoint Energy, Inc. (NYSE:CNP) from Sector Perform to Outperform in their opinion released on January 18. Guggenheim analysts bumped their recommendation on CNP stock from Neutral to Buy in a separate flash note to investors on January 07. Analysts at UBS issued an upgrade from Neutral to Buy for the stock, in a research note that dated back to December 14.
CNP stock has a trailing 3-year beta of 0.41, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.98 a share in the trailing twelve months. The stock’s value has surged 9.14 percent year to date (YTD) against a rise of 17.06 percent in 12 month’s time. The company’s shares still trade -0.58 percent away from its 1-year high of $30.99 and 24.18 percent up from 52-week low of $24.81. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of CenterPoint Energy, Inc. (CNP) are trading at a P/E ratio of 31.22 times earnings reported for the past 12 months. The industry CNP operates in has an average P/E of 21.14. Its P/E ratio went as low as 16.57X and as high as 32.12 over the 5-year span. Further, it is sporting a 1.53 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.76. 0 percent is the gross profit margin for CenterPoint Energy, Inc. and operating margin sits at 9.4 percent. Along with this, the net profit margin is 15.1 percent.
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