UBS Lowers Price Target
UBS Lowers Portland General Electric Price Target Following Recent Cautious Analyst Outlook
Anonymous
UBS lowered its price target for Portland General Electric from $53 to $50 while maintaining a Neutral rating, reflecting a more cautious outlook. Other analyst views were also generally cautious, with most ratings at Hold and a reported consensus price target near $50.65.
Key Points
1
GuruFocus reported $79,663 in insider sales at Portland General Electric over the preceding three months.
2
In its reported quarter, Portland General Electric posted earnings of $0.64 per share, one cent below the $0.65 consensus estimate, and revenue of $814 million, below analysts’ $839.75 million expectation.
3
Portland General Electric serves roughly half of Oregon’s residents and generates, transmits and distributes electricity using a portfolio that includes natural gas, coal, wind, hydro and energy storage.
4
GuruFocus put the company’s GF Value at $46.37, describing the shares as trading at a 5.2% discount to that estimate; its trailing P/E was 19.45, above the five-year median of 18.11.
Sentiment
Mostly NegativeNEGATIVENEUTRALPOSITIVE
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