CenterPoint Energy (CNP, Financial) successfully concluded an offering with a price range set between $36.80 and $37.15. Major financial institutions, including Barclays, Citi, and RBC Capital, served as joint managers, overseeing the book-running aspect of this transaction.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for CenterPoint Energy Inc (CNP, Financial) is $38.83 with a high estimate of $43.00 and a low estimate of $32.43. The average target implies an upside of 2.91% from the current price of $37.73. More detailed estimate data can be found on the CenterPoint Energy Inc (CNP) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, CenterPoint Energy Inc's (CNP, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CenterPoint Energy Inc (CNP, Financial) in one year is $30.20, suggesting a downside of 19.96% from the current price of $37.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CenterPoint Energy Inc (CNP) Summary page.
