Barclays Capital Raises Price Target on Ameren (AEE)
Barclays Capital (NYSE: BCS) lifted their price target on shares of Ameren (NYSE: AEE) from $30.00 to $32.00 in a research note issued on Monday. The firm currently has an “equal weight” rating on the stock.
A number of other firms have also recently commented on AEE. Analysts at ISI Group raised their price target on shares of Ameren from $30.00 to $33.00 in a research note to investors on Thursday, April 12nd. Separately, analysts at Wunderlich raised their price target on shares of Ameren from $29.00 to $31.00 in a research note to investors on Friday, February 24th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ameren in a research note to investors on Wednesday, February 15th. They now have a $33.00 price target on the stock.
Ameren opened at 32.19 on Monday. Ameren has a 52-week low of $25.55 and a 52-week high of $34.11. The company has a market cap of $7.809 billion and a price-to-earnings ratio of 173.06.
Ameren last posted its quarterly earnings results on Friday, May 4th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.01. The company’s quarterly revenue was down 12.9% on a year-over-year basis. Analysts expect that Ameren will post $1.30 EPS next quarter.
Ameren Corporation (Ameren) is a holding company. Its subsidiaries include Union Electric Company (UE), Illinois Power Company (IP), Central Illinois Public Service Company (CIPS), Ameren Energy Generating Company (Genco), Ameren Illinois Transmission Company (AITC) and CILCORP Inc.