CenterPoint Energy (CNP) Stock Forecast & Price Target

$31.93 +0.20 (+0.63%)

(As of 11/22/2024 ET)

CenterPoint Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
1

Hold
9

Buy
1

Based on 11 Wall Street analysts who have issued ratings for CenterPoint Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 9 have given a hold rating, and 1 has given a buy rating for CNP.

Consensus Price Target

$30.00
-6.04% Downside

According to the 11 analysts' twelve-month price targets for CenterPoint Energy, the average price target is $30.00. The highest price target for CNP is $32.00, while the lowest price target for CNP is $28.00. The average price target represents a forecasted downside of -6.04% from the current price of $31.93.

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CNP Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	6 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$30.00	$29.91	$29.73	$31.10
Forecasted Upside	-6.04% Downside	2.04% Upside	9.35% Upside	11.35% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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CNP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CenterPoint Energy Stock vs. The Competition

Type	CenterPoint Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.00	2.50	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-6.04% Downside	21.43% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent CNP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$32.00 ➝ $31.00	-4.11%
10/29/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$28.00 ➝ $30.00	+1.42%
10/16/2024	Wells Fargo & Company 3 of 5 stars	S. Akers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$28.00 ➝ $32.00	+6.38%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$29.00	+3.76%
8/26/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Thalacker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform	$28.00 ➝ $28.00	+3.59%
8/2/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Karp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
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8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$32.00 ➝ $29.00	+3.02%
3/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$28.00 ➝ $29.00	+3.87%
2/21/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$33.00 ➝ $32.00	+13.72%
2/21/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$30.00 ➝ $29.00	+3.31%
1/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ In-Line	$29.00 ➝ $30.00	+9.21%
9/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$34.00 ➝ $33.00	+20.53%
6/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$33.00 ➝ $30.00	+4.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:54 AM ET.

Should I Buy CenterPoint Energy Stock? CNP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these CenterPoint Energy pros and cons to contact@marketbeat.com.

CenterPoint Energy
Bull Case

Here are some ways that investors could benefit from investing in CenterPoint Energy, Inc.:

CenterPoint Energy, Inc. recently declared a quarterly dividend of $0.21, which represents an annualized dividend of $0.84 and a yield of 2.94%. This increase from the previous dividend indicates a commitment to returning value to shareholders.
The stock is currently trading at $28.58, which is near its 12-month low of $25.41. This could present a buying opportunity for investors looking for potential upside as the stock may rebound towards its 12-month high of $31.57.
Analysts have a consensus rating of "Hold" for CenterPoint Energy, Inc., with a price target of $30.09. This suggests that the stock is viewed as stable, with potential for moderate growth.
Recent earnings reports show that CenterPoint Energy, Inc. met consensus estimates with earnings per share of $0.31, indicating consistent performance in a challenging market.
The company operates in the utilities sector, which tends to be more stable and less volatile compared to other sectors, providing a safer investment during economic downturns.

CenterPoint Energy
Bear Case

Investors should be bearish about investing in CenterPoint Energy, Inc. for these reasons:

Two analysts have rated the stock with a sell rating, indicating some skepticism about its future performance and potential risks associated with the investment.
CenterPoint Energy, Inc. has a relatively high debt-to-equity ratio of 1.87, which suggests that the company is heavily reliant on debt financing. This could pose risks if interest rates rise or if the company faces cash flow issues.
The company reported a decline in earnings per share from $0.40 in the same quarter last year to $0.31, which may raise concerns about its growth trajectory and profitability.
Recent downgrades from analysts, including a reduction in price targets by firms like JPMorgan Chase & Co. and KeyCorp, may indicate a lack of confidence in the stock's short-term performance.
The utilities sector can be subject to regulatory changes and economic pressures, which may impact CenterPoint Energy, Inc.'s operational efficiency and profitability.

CNP Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for CenterPoint Energy is $30.00, with a high forecast of $32.00 and a low forecast of $28.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. There is currently 1 sell rating, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNP, but not buy additional shares or sell existing shares.
: According to analysts, CenterPoint Energy's stock has a predicted downside of -6.04% based on their 12-month stock forecasts.
: CenterPoint Energy has been rated by research analysts at Bank of America, BMO Capital Markets, Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.
: Analysts like CenterPoint Energy less than other "utilities" companies. The consensus rating score for CenterPoint Energy is 2.00 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how CNP compares to other companies.

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This page (NYSE:CNP) was last updated on 11/24/2024 by MarketBeat.com Staff

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CenterPoint Energy (CNP) Stock Forecast & Price Target