Credit Suisse Centerpoint Energy Inc. [CNP] Price estimation. Who else is faster?


Centerpoint Energy Inc. [NYSE: CNP] It gained 1.84% in the previous trading session, reaching a price of $30.45 per share at that time. The company reported on November 1, 2022 that Centerpoint Energy reported strong third quarter 2022 results and updated long-term capital plans.


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Third quarter 2022 reported earnings of $0.30 and $0.32 per diluted share on a GAAP and non-GAAP basis, respectively.

Reiterated full-year 2022 non-GAAP EPS guidance of $1.37-$1.39, representing 9% growth at the midpoint compared to full-year 2021.

CenterPoint Energy Inc. Represents 630.00 million in outstanding shares, while the company’s total market capitalization as of the latest information is $18.86 billion. CNP stock price is found in the range of $30.00 to $30.48.

If compared with the average trading volume of 4.31M shares, CNP reached a trading volume of 3761485 in the most recent trading day, which is why market watchdogs consider the stock active.

Here’s what top equity market gurus are saying about CenterPoint Energy Inc. [CNP],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for CNP shares is $31.27 per share. The target price and analysis on the stock’s performance are usually carefully studied by market experts, and the current Wall Street consensus on CNP stock is a recommendation at 1.90. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Credit Suisse has raised an outlook for Centerpoint Energy Inc shares on April 26, 2022, keeping its view on the stock as Outperform, in line with its previous recommendation. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on price target was issued on February 17, 2022, which represents the official price target for Centerpoint Energy Inc stock. Previously, there was another drop in target price from $31 to $30, while Goldman kept a neutral rating on CNP stock. Analysts raised their price target for CNP shares from 27 to 31 on January 10, 2022.

CenterPoint Energy Inc. The Average True Range (ATR) for is set at 0.68, The Price to Sales ratio for CNP stock over the trailing 12 months period is 2.11. The Price to Book ratio for the previous quarter was 2.09, the Price to Cash per share for the same quarter was set at 0.91.

Trading Performance Analysis for CNP Stock

Centerpoint Energy Inc. [CNP] Moved into the green zone at the end of last week, in a positive trend and with a gain of 4.53. With this latest performance, CNP shares are up 11.91% over the past four-week period, as well as down -2.75% over the past 6 months — not to mention a 14.39% gain over the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNP stock for the past two-week period is set at 66.96, with the RSI for the last one trading hit 75.23, and the three-week RSI for CenterPoint Energy Inc. for is set to 60.87. [CNP], The current moving average of this stock for last 50 days of trading is 28.81, while it was recorded at 29.73 for last one week and 29.96 for last 200 days.

Centerpoint Energy Inc. [CNP]: A Deep Dive into Fundamental Analysis

Operating margin for any stock indicates how profitable an investment will be, and CenterPoint Energy Inc. [CNP] The shares currently has an operating margin of +16.32 and gross margin at +22.64. CenterPoint Energy Inc. Net Margin is currently recorded at +8.00.

The Return on Equity for this stock is tilted at 7.52, with the Return on Assets sitting at 1.83.

CenterPoint Energy Inc. Equally intriguing is its liquidity data, with a quick ratio of 0.70 and a current ratio set at 0.90.

Centerpoint Energy Inc. [CNP]: Earnings Per Share (EPS) Analysis

The company’s progress can be viewed through the prism of EPS growth, while Wall Street analysts are focusing on predicting 5-year EPS growth for CNP. When it comes to quoted price, analysts are expecting 5 Year EPS growth rate of -1.07% for Centerpoint Energy Inc.

Analysis of insider ownership in Centerpoint Energy Inc. [CNP]

Institutional investors currently hold approximately $17,421 million or 93.20% of CNP stock in hands. The top three institutional holders of CNP stock are: Vanguard Group INC with ownership of 75,929,134, which accounts for approximately 0.839% of the company’s market cap and approximately 0.20% of total institutional ownership; Capital International Investors holding 73,495,096 shares of stock with an estimated value of $2.24 billion in CNP stock shares; and BLACKROCK INC., with $1.56 billion in CNP stock currently holding approximately -3.974% of the company’s market capitalization.

Centerpoint Energy Inc. Shares positions held by institutional investors increased at the end of November and at the time of the November reporting period, where 265 institutional holders increased their positions in Centerpoint Energy Inc. [NYSE:CNP] By approximately 34,990,973 shares. Additionally, 282 investors reduced positions totaling approximately 29,276,015 shares, while 124 investors held positions totaling 507,841,336 shares. As per the latest SEC report filing, the mentioned changes put the institutional holding at 572,108,324 shares. There were 62 new institutional investments in CNP stock for a total of 3,345,977 shares, while 75 institutional investors sold 7,764,566 shares during the same period.

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