ISI Group cut shares of Duke Energy (NYSE: DUK) from a buy rating to a neutral rating in a research report sent to investors on Monday morning. The firm currently has $68.50 price target on the stock.
“Our EPS forecast remains $4.30, $4.60, $4.75 for ‘13/’14/’15.Trading at $69.25, DUK has posted a total return since our 11/8/12 upgrade of 13.1% vs. 10.4% for our regulated sub-group and 10.2% for the S&P500, corroborating our view that at that juncture regulated utilities were undervalued and DUK was cheap versus its peers. … At $69.25/share DUK is 14.6X our ’15 EPS, more or less an average multiple and trading in close proximity with most of its large cap peers on valuation.,” ISI Group’s analyst commented.
A number of other analysts have also recently weighed in on DUK. Analysts at BMO Capital Markets reiterated a market perform rating on shares of Duke Energy in a research note to investors on Friday, March 1st. They now have a $71.00 price target on the stock, up previously from $68.00. Separately, analysts at TheStreet reiterated a buy rating on shares of Duke Energy in a research note to investors on Friday, March 1st. Finally, analysts at Citigroup downgraded shares of Duke Energy from a buy rating to a neutral rating in a research note to investors on Friday, March 1st. They now have a $71.00 price target on the stock.
Shares of Duke Energy traded down 0.44% during mid-day trading on Monday, hitting $69.8495. Duke Energy has a one year low of $59.63 and a one year high of $71.13. The stock’s 50-day moving average is currently $68.4. The company has a market cap of $49.174 billion and a P/E ratio of 22.83.
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