News headlines about Eversource Energy (NYSE:ES) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eversource Energy earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 49.1623052654111 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ES has been the topic of a number of analyst reports. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Janney Montgomery Scott set a $71.00 target price on Eversource Energy and gave the company a “buy” rating in a research report on Monday, July 31st. Deutsche Bank AG cut Eversource Energy from a “buy” rating to a “hold” rating and raised their target price for the company from $61.00 to $61.50 in a research report on Monday, July 31st. Morgan Stanley raised their target price on Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Bank of America Corporation started coverage on Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.06.
Shares of Eversource Energy (NYSE ES) opened at 62.64 on Wednesday. The company has a 50-day moving average price of $61.56 and a 200 day moving average price of $61.38. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $64.19. The firm has a market capitalization of $19.85 billion, a PE ratio of 20.27 and a beta of 0.28.
About Eversource Energy
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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