Eversource Energy (ES) was Downgraded to a Hold Rating at Credit Suisse

By Austin Angelo

In a report issued on January 17, Michael Weinstein W. from Credit Suisse downgraded Eversource Energy (ESResearch Report) to Hold, with a price target of $86.00. The company’s shares closed last Monday at $88.73, close to its 52-week high of $88.82.

According to TipRanks.com, W. is a 4-star analyst with an average return of 7.9% and a 56.7% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.

Eversource Energy has an analyst consensus of Hold, with a price target consensus of $87.60, a -0.3% downside from current levels. In a report issued on January 15, Goldman Sachs also downgraded the stock to Hold with a $87.00 price target.

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Eversource Energy’s market cap is currently $28.73B and has a P/E ratio of 31.98. The company has a Price to Book ratio of 2.37.

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