Hilliard Lyons Cuts WGL Holdings to Long (WGL)
WGL Holdings (NYSE: WGL) was downgraded by analysts at Hilliard Lyons from a “buy” rating to a “long” rating in a research report issued to clients and investors on Monday. They currently have a $44.00 price target on the stock, down from their previous price target of $46.00.
Separately, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of WGL Holdings in a research note to investors on Tuesday, May 8th.
WGL Holdings opened at 38.69 on Monday. WGL Holdings has a 52-week low of $34.71 and a 52-week high of $44.99. The company has a market cap of $1.994 billion and a price-to-earnings ratio of 20.57.
WGL Holdings last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.06. Analysts expect that WGL Holdings will post $-0.25 EPS next quarter.
WGL Holdings, Inc. (WGL Holdings) is a holding company, through its subsidiaries, sells and delivers natural gas and provides a range of energy-related products and services to customers in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.