EON SE (EONGY) was Downgraded to a Hold Rating at Kepler Capital

By Ryan Adsit

In a report issued on April 3, Ingo Becker from Kepler Capital downgraded EON SE (EONGYResearch Report) to Hold, with a price target of EUR10.00. The company’s shares closed last Friday at $9.33.

According to TipRanks.com, Becker is a 2-star analyst with an average return of -1.3% and a 41.8% success rate. Becker covers the Utilities sector, focusing on stocks such as Uniper SE, Centrica, and ENGIE SA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EON SE with a $11.89 average price target.

See today’s analyst top recommended stocks >>

Based on EON SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $17.91 billion and GAAP net loss of $544 million. In comparison, last year the company earned revenue of $8.16 billion and had a net profit of $303 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

E.ON SE engages in the provision of energy solutions. It operates through the following business segments: Energy Networks, Customer Solutions, Renewables, Non-Core Business, and Corporate Functions/Other. The Energy Networks segment deals with power and gas distribution networks and related activities. The Customer Solutions segment supplies customers in Europe with power, gas, and heat as well as with products and service. The Renewables segment is involved with planning, building, operating, and managing renewable generation assets. The Non-Core Business segment operates nuclear power stations in Germany. The Corporate Functions/Other segment consists of equity investments held directly within this segment. The company was founded on June 16, 2000 and is headquartered Essen, Germany.