Morgan Stanley (NYSE:MS) analyst David Arcaro maintained a Sell rating on Eversource Energy (NYSE:ES) on Tuesday, setting a price target of $89, which is approximately 5.75% below the present share price of $94.43.
Arcaro expects Eversource Energy to post earnings per share (EPS) of $1.01 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Eversource Energy, with an average price target of $90.17.
The analysts price targets range from a high of $98 to a low of $82.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.34 billion and a net profit of $561.23 million. The company's market cap is $32.37 billion.
According to TipRanks.com, Morgan Stanley analyst David Arcaro is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -4.1% and a 20.00% success rate.
NSTAR Electric Co. engages in the generation and supply of electricity. It provides distribution and transmission services to residential, commercial, and industrial customers in parts of eastern and western Massachusetts; and also owns solar power facilities. The company was founded in 1886 and is headquartered in Boston, MA.