Credit Suisse (SIX:CSGN) analyst Michael Weinstein W. maintained a Buy rating on Centerpoint Energy (NYSE:CNP) Inc on Thursday, setting a price target of $23, which is approximately 18.56% above the present share price of $19.4.
Weinstein W. expects Centerpoint Energy Inc to post earnings per share (EPS) of -$2.44 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Hold rating of shares in Centerpoint Energy, with an average price target of $19.91.
The analysts price targets range from a high of $23 to a low of $17.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.17 billion and a net profit of $402 million. The company's market cap is $10.06 billion.
According to TipRanks.com, Credit Suisse analyst Michael Weinstein W. is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.0% and a 63.92% success rate.
CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in seven states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream (NYSE:ENBL) Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region.