Inergy (NASDAQ: NRGY) was upgraded by research analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating in a report released on Friday. The firm currently has a $21.00 target price on the stock, up from their previous target price of $15.00.
Shares of Inergy traded down 0.42% during mid-day trading on Friday, hitting $19.00. Inergy has a one year low of $15.06 and a one year high of $41.22. The company’s market cap is $2.389 billion.
The company last announced its quarterly results on Tuesday, January 31st. It reported ($0.03) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.25 EPS by $0.28. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Inergy will post $-0.17 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Inergy in a research note to investors on Wednesday, March 21st. They set an “outperform” rating and a $19.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Inergy from $18.00 to $14.00 in a research note to investors on Thursday, March 15th. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital (NYSE: RY) cut their price target on shares of Inergy from $26.00 to $19.00 in a research note to investors on Tuesday, January 31st. They now have a “sector perform” rating on the stock.
Inergy, L.P. (Inergy) owns and operates a retail and wholesale propane supply, marketing and distribution business.