Robert W. Baird Raises Xcel Energy to Outperform (XEL)

By admin | 6 years ago

Xcel Energy (NYSE: XEL) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $31.00 target price on the stock, up from their previous target price of $30.00.

Xcel Energy traded down 0.41% on Monday, hitting $27.3785. Xcel Energy has a 1-year low of $21.20 and a 1-year high of $27.93. The company has a market cap of $13.332 billion and a price-to-earnings ratio of 16.38.

Xcel Energy last released its earnings data on Thursday, April 26th. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.38. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts expect that Xcel Energy will post $0.71 EPS next quarter.

Separately, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Xcel Energy to $29.50 in a research note to investors on Friday, April 13rd.

Xcel Energy Inc. (Xcel Energy), incorporated in 1909, is a holding company, with subsidiaries engaged primarily in the utility business.

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