Entergy (ETR) Stock Forecast & Price Target

$154.42 +1.92 (+1.26%)

(As of 01:46 PM ET)

Entergy - 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

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
4

Buy
10

Based on 14 Wall Street analysts who have issued ratings for Entergy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for ETR.

Consensus Price Target

$150.42
-2.59% Downside

According to the 14 analysts' twelve-month price targets for Entergy, the average price target is $150.42. The highest price target for ETR is $170.00, while the lowest price target for ETR is $109.50. The average price target represents a forecasted downside of -2.59% from the current price of $154.42.

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ETR Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$150.42	$131.19	$120.88	$111.67
Forecasted Upside	-2.59% Downside	-3.09% Downside	1.36% Upside	9.88% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ETR 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.

ETR 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.

Entergy Stock vs. The Competition

Type	Entergy	Utilities Companies	S&P 500
Consensus Rating Score	2.79	2.50	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-2.60% Downside	21.94% Upside	6.96% Upside
News Sentiment Rating	Positive News See Recent ETR 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
11/18/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$166.00 ➝ $159.00	+5.92%
11/5/2024	Barclays 3 of 5 stars	N. Campanella Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$137.00 ➝ $152.00	+6.97%
11/4/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$138.00 ➝ $165.00	+13.79%
11/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$138.00 ➝ $154.00	+6.36%
11/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$116.00 ➝ $150.00	+3.60%
11/1/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$145.00 ➝ $165.00	+12.91%
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11/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$137.00 ➝ $170.00	+16.59%
11/1/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$119.00 ➝ $144.00	-4.36%
11/1/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$143.00 ➝ $162.00	+4.37%
10/14/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$137.00 ➝ $140.00	+6.73%
9/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$143.00 ➝ $144.00	+11.85%
8/28/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$131.00 ➝ $141.00	+19.94%
6/12/2024	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Fremont Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$117.00 ➝ $109.50	+1.24%
4/12/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$131.00 ➝ $117.00	+5.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:13 PM ET.

Should I Buy Entergy Stock? ETR 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, November 25, 2024. Please send any questions or comments about these Entergy pros and cons to contact@marketbeat.com.

Entergy
Bull Case

Here are some ways that investors could benefit from investing in Entergy Co.:

Entergy Co. recently reported earnings per share (EPS) of $2.99, exceeding analysts' expectations of $2.91, indicating strong financial performance and effective management.
The company has increased its quarterly dividend to $1.20 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $4.80, providing a yield of approximately 3.20%.
With a market capitalization of approximately $32.13 billion, Entergy Co. is a significant player in the utilities sector, which can provide stability and growth potential for investors.
The stock has a relatively low beta of 0.71, suggesting that it is less volatile than the overall market, making it a potentially safer investment during uncertain economic times.
Recent analyst upgrades, including a price target increase from Mizuho to $165.00, indicate positive market sentiment and potential for stock price appreciation.

Entergy
Bear Case

Investors should be bearish about investing in Entergy Co. for these reasons:

The company has a debt-to-equity ratio of 1.77, which is relatively high, indicating that Entergy Co. relies significantly on debt to finance its operations. This could pose risks if interest rates rise or if the company faces financial difficulties.
Entergy Co. reported revenue of $3.39 billion for the latest quarter, which fell short of analyst estimates of $3.46 billion, suggesting potential challenges in meeting growth expectations.
The current ratio of 0.89 indicates that Entergy Co. may have difficulty covering its short-term liabilities with its short-term assets, which could raise concerns about liquidity.
Insider selling activity, including significant sales by the COO and CEO, may signal a lack of confidence in the company's future performance, which could be a red flag for potential investors.
The P/E ratio of 18.25, while not excessively high, may suggest that the stock is fairly valued, limiting potential upside for investors looking for significant growth.

ETR Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Entergy is $150.42, with a high forecast of $170.00 and a low forecast of $109.50.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Entergy in the last year. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ETR shares.
: According to analysts, Entergy's stock has a predicted downside of -2.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Entergy's stock had 3 upgrades and 1 downgrade by analysts.
: Entergy has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Guggenheim, KeyCorp, Mizuho, Morgan Stanley, Royal Bank of Canada, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Entergy more than other "utilities" companies. The consensus rating score for Entergy is 2.79 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how ETR compares to other companies.

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This page (NYSE:ETR) was last updated on 11/26/2024 by MarketBeat.com Staff

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Entergy (ETR) Stock Forecast & Price Target