Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for CenterPoint Energy Inc. (NYSE: CNP) improved recently. CNP’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
CenterPoint Energy Inc. (NYSE: CNP) stock declined slightly by -0.3% on 5/10/24. The stock closed at $29.70. Moreover, trading volume in this decline was exceptionally high at 215% of normal. The stock has performed in line with the market over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CNP is expected to continue to be an important Value Builder.
CenterPoint Energy has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. CenterPoint Energy has a neutral Power Rating of 47 and a neutral Appreciation Score of 40, triggering the Low Neutral Value Trend Rating.
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