Morgan Stanley has revised its price target for CenterPoint Energy (CNP, Financial), elevating it from $34 to $35, while maintaining an Equal Weight rating on the stock. This adjustment is part of the firm's broader update on price targets for Regulated & Diversified Utilities and Independent Power Producers (IPPs) across North America.
The utility sector showed resilience by outperforming the S&P 500 in March, highlighting its defensive nature amid market fluctuations. As the first quarter unfolds, Morgan Stanley anticipates a relatively calm period without significant financial disclosures. Consequently, investor attention will likely pivot towards tariff risks and regulatory developments as key focal points for utility stocks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for CenterPoint Energy Inc (CNP, Financial) is $36.44 with a high estimate of $42.00 and a low estimate of $32.11. The average target implies an downside of 1.88% from the current price of $37.14. More detailed estimate data can be found on the CenterPoint Energy Inc (CNP) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, CenterPoint Energy Inc's (CNP, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CenterPoint Energy Inc (CNP, Financial) in one year is $30.06, suggesting a downside of 19.06% from the current price of $37.14. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CenterPoint Energy Inc (CNP) Summary page.
