CenterPoint Energy, Inc. (CNP)
NYSE: CNP · IEX Real-Time Price · USD
29.07
+0.34 (1.18%)
Apr 24, 2024, 4:00 PM EDT - Market closed
CenterPoint Energy Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for CenterPoint Energy stock have an average target of 30, with a low estimate of 27 and a high estimate of 33. The average target predicts an increase of 3.20% from the current stock price of 29.07.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CNP stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 2 | 2 | 3 | 3 | 3 | 4 |
| Sell | 1 | 1 | 1 | 1 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 11 | 11 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $31 → $29 | Hold | Maintains | $31 → $29 | -0.24% | Apr 22, 2024 |
| Barclays | Barclays | Sell Maintains $28 → $29 | Sell | Maintains | $28 → $29 | -0.24% | Mar 14, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $33 → $32 | Strong Buy | Maintains | $33 → $32 | +10.08% | Feb 21, 2024 |
| Mizuho | Mizuho | Hold Reiterates $30 → $29 | Hold | Reiterates | $30 → $29 | -0.24% | Feb 21, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $29 → $30 | Buy → Hold | Downgrades | $29 → $30 | +3.20% | Jan 23, 2024 |
Financial Forecast
Revenue This Year
9.30B
from 8.70B
Increased by 6.92%
Revenue Next Year
9.61B
from 9.30B
Increased by 3.33%
EPS This Year
1.64
from 1.37
Increased by 19.35%
EPS Next Year
1.76
from 1.64
Increased by 7.33%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.5B | 11.2B | 11.8B | 12.3B |
| Avg | 9.3B | 9.6B | 9.9B | 11.2B |
| Low | 7.6B | 8.1B | 8.2B | 10.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 21.3% | 20.1% | 22.5% | 23.8% |
| Avg | 6.9% | 3.3% | 3.4% | 12.9% |
| Low | -13.0% | -12.7% | -14.3% | 5.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.72 | 1.85 | 2.01 | 2.19 |
| Avg | 1.64 | 1.76 | 1.89 | 2.04 |
| Low | 1.56 | 1.67 | 1.81 | 1.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 25.7% | 13.0% | 14.3% | 16.1% |
| Avg | 19.4% | 7.3% | 7.7% | 8.0% |
| Low | 14.2% | 2.4% | 2.9% | 1.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.