UBS AG Reiterates Neutral on Scana Corporation (SCG)

By admin | 6 years ago

Scana Corporation (NYSE: SCG)‘s stock had its “neutral” rating reiterated by investment analysts at UBS AG (NYSE: UBS) in a note issued to investors on Wednesday.

Shares of Scana Corporation opened at 46.36 on Wednesday. Scana Corporation has a one year low of $34.64 and a one year high of $46.79. The company has a market cap of $6.064 billion and a P/E ratio of 16.07.

Scana Corporation last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.93 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.04 by $0.11. Scana Corporation’s revenue was down 13.6% compared to the same quarter last year. On average, analysts predict that Scana Corporation will post $0.88 earnings per share next quarter.

A number of other firms have also recently commented on SCG. Analysts at Bank of America (NYSE: BAC) raised their price target on shares of Scana Corporation from $44.00 to $46.00 in a research note to investors on Monday, May 7th. Separately, analysts at Stephens downgraded shares of Scana Corporation from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, May 4th. Finally, analysts at Wunderlich raised their price target on shares of Scana Corporation from $47.00 to $49.00 in a research note to investors on Friday, May 4th. They now have a “buy” rating on the stock.

SCANA Corporation (SCANA), through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.

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