Constellation Energy Corporation (NASDAQ:CEG) shares traded 25.16% higher at $305.19 on Wall Street last session.
CEG stock price is now 25.91% away from the 50-day moving average and 39.85% away from the 200-day moving average. The market capitalization of the company currently stands at $95.45B.
With the price target enhanced from $237 to $269, BofA Securities Upgraded its rating from Neutral to Buy for Constellation Energy Corporation (NASDAQ: CEG). On October 17, 2024, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $342, while ‘Citigroup’ rates the stock as ‘Neutral’
A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, Constellation Energy Corporation has had a low of $109.44 and a high of $288.75. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 1.70, and a quick ratio of 1.43. According to the stock market information, the enterprise value for the company is $102443237376, which is based on a 33.68 price-to-earnings ratio, a 2.63 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for CEG is $242.386 and a two-hundred day moving average price translates $218.2305 for the stock.
The latest earnings results from Constellation Energy Corporation (NASDAQ: CEG) was released for 2024-09-30. The net profit margin was 13.11% and return on equity was 23.61% for CEG. The company reported revenue of $6.55 billion for the quarter, compared to $6.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.18 percent.
