CenterPoint Energy (CNP) Stock Forecast & Price Target

$29.64

-0.88 (-2.88%)

(As of 10/7/2024 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

$29.55
-0.32% Downside

According to the 11 analysts' twelve-month price targets for CenterPoint Energy, the average price target is $29.55. 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 -0.32% from the current price of $29.64.

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CNP Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
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)	6 Buy rating(s)	7 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	3 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	$29.55	$29.40	$31.00	$32.10
Forecasted Upside	-0.32% Downside	7.77% Upside	4.62% Upside	19.46% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	2.48	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-0.32% Downside	18.88% Upside	7.98% Upside
News Sentiment Rating	Neutral 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
9/25/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$30.00 ➝ $32.00	+11.73%
9/12/2024	Bank of America 4 of 5 stars		Initiated Coverage	Neutral	$29.00	+3.76%
8/26/2024	BMO Capital Markets 4 of 5 stars	J. Thalacker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform	$28.00 ➝ $28.00	+3.59%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$29.00 ➝ $28.00	+7.57%
8/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Akers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$32.00 ➝ $28.00	+6.83%
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
Get the Latest News and Ratings for CNP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for CenterPoint Energy and its competitors with MarketBeat's FREE daily newsletter.
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 Tuesday at 12:32 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 Monday, October 7, 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. has a consistent dividend payout, providing investors with a steady income stream. The recent quarterly dividend of $0.20 per share with an annualized dividend of $0.80 and a yield of 2.84% can be attractive for income-focused investors.
Recent earnings report showed that CenterPoint Energy, Inc. beat the consensus earnings estimate, indicating strong financial performance. The company reported $0.36 earnings per share for the quarter, surpassing the expected $0.32.
CenterPoint Energy, Inc. has a diverse business model operating in both the Electric and Natural Gas segments, which can provide stability and balance to its revenue streams.
The stock price of CenterPoint Energy, Inc. has shown resilience, trading at $28.17 on the latest trading day, which could be seen as an opportunity for value investors looking for potential upside.
Analysts have set a price target of $29.36 for CenterPoint Energy, Inc., suggesting potential growth opportunities for investors based on current market evaluations.

CenterPoint Energy
Bear Case

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

CenterPoint Energy, Inc. has a debt-to-equity ratio of 1.79, which may raise concerns about the company's financial leverage and ability to manage debt obligations.
The company's stock performance has shown volatility, with a 52-week range between $25.41 and $31.57, indicating potential fluctuations in share price that could pose risks to investors.
Several analysts have issued hold ratings on CenterPoint Energy, Inc., suggesting a lack of consensus on the stock's future performance and growth prospects.
The company's P/E ratio of 19.84 and PEG ratio of 2.46 may indicate that the stock is currently trading at a premium, potentially limiting immediate upside for investors.
Recent downgrades by financial institutions like JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating could signal underlying concerns about the company's outlook.

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 $29.55, 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 -0.32% based on their 12-month stock forecasts.
: Over the previous 90 days, CenterPoint Energy's stock had 5 downgrades by analysts.
: CenterPoint Energy has been rated by research analysts at Bank of America, BMO Capital Markets, JPMorgan Chase & Co., KeyCorp, 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 2.48. Learn more on how CNP compares to other companies.

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This page (NYSE:CNP) was last updated on 10/7/2024 by MarketBeat.com Staff

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