Barclays Sticks to Its Hold Rating for Centerpoint Energy (CNP)

In a report released today, Nicholas Campanella from Barclays maintained a Hold rating on Centerpoint Energy, with a price target of $40.00. The company’s shares closed yesterday at $39.46.

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Campanella covers the Utilities sector, focusing on stocks such as Sempra Energy, Talen Energy Corp, and Centerpoint Energy. According to TipRanks, Campanella has an average return of 13.1% and a 70.40% success rate on recommended stocks.

Centerpoint Energy has an analyst consensus of Moderate Buy, with a price target consensus of $41.18, a 4.36% upside from current levels. In a report released yesterday, Evercore ISI also initiated coverage with a Hold rating on the stock with a $42.00 price target.

Based on Centerpoint Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.94 billion and a net profit of $198 million. In comparison, last year the company earned a revenue of $1.91 billion and had a net profit of $228 million