In yesterday’s Wall Street session, Evergy Inc (NASDAQ:EVRG) shares traded at $50.33, down -1.18% from the previous session.
As of this writing, 10 analysts cover Evergy Inc (NASDAQ:EVRG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $50.00, we find $52.00. Given the previous closing price of $50.93, this indicates a potential upside of 2.1 percent. EVRG stock price is now -2.04% away from the 50-day moving average and -12.91% away from the 200-day moving average. The market capitalization of the company currently stands at $11.56B.
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There are 7 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $52.17 as their price target over the next twelve months.
With the price target reduced from $52 to $49, BofA Securities Upgraded its rating from Underperform to Neutral for Evergy Inc (NASDAQ: EVRG).
In other news, Landrieu Mary L., Director sold 1,170 shares of the company’s stock on Jun 14. The stock was sold for $69,755 at an average price of $59.62. Upon completion of the transaction, the Director now directly owns 4,210 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, SVP & CHIEF HRO & CHIEF DO Elwell Lesley Lissette sold 1,328 shares of the business’s stock. A total of $76,585 was realized by selling the stock at an average price of $57.67. This leaves the insider owning 27 shares of the company worth $1358.91. Insiders disposed of 50,852 shares of company stock worth roughly $2.56 million over the past 1 year. A total of 1.43% of the company’s stock is owned by insiders.
Tuesday morning saw Evergy Inc (NASDAQ: EVRG) opened at $50.77. During the past 12 months, Evergy Inc has had a low of $46.92 and a high of $65.39. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 0.46, and a quick ratio of 0.28. According to the stock market information, the enterprise value for the company is $24.57B, which is based on a 15.32 price-to-earnings ratio, a 6.13 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for EVRG is $51.38 and a two-hundred day moving average price translates $57.79 for the stock.
The latest earnings results from Evergy Inc (NASDAQ: EVRG) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.77 by 0.04. This compares to $0.84 EPS in the same period last year. The net profit margin was 12.97% and return on equity was 8.04% for EVRG. The company reported revenue of $1.35 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.38 percent. For the current quarter, analysts expect EVRG to generate $1.92B in revenue.
