Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Duke Energy on Friday, setting a price target of $110, which is approximately 8.47% above the present share price of $101.41.
Byrd expects Duke Energy to post earnings per share (EPS) of $0.96 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Duke Energy, with an average price target of $106.
The analysts price targets range from a high of $110 to a low of $96.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $5.76 billion and a net profit of $1.3 billion. The company's market cap is $26.01 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 60.14% success rate.
Founded in 1904, North Carolina-based Duke Energy Corporation (NYSE:DUK) is an energy company which distributes natural gas and energy related services. It operates through three segments including, Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.