Entergy Corporation

🇺🇸New York Stock Exchange
Back to all articles
Entergy Corporation stock analysis ETR overview
Bullish +75

Barclays Gives a Buy Rating to Entergy (ETR)

📈 Barclays analyst Nicholas Campanella assigned a Buy rating to Entergy (ETR) with a price target of $119.00.

💰 The company reported quarterly revenue of $3.19 billion and net profit of $390.81 million for the quarter ending March 31.

📊 Revenue increased from $2.85 billion last year, while net profit rose from $360.76 million in the same period.

👤 Campanella covers the Utilities sector and has a 65.83% success rate on recommended stocks according to TipRanks.

🔄 KeyBanc also issued a Buy rating for Entergy in a report released yesterday.

⚖️ Morgan Stanley maintained a Hold rating on Entergy as of May 21, contrasting with the recent upgrades.

📉 Truist lowered its price target for Entergy from $130 to $127.

📉 Morgan Stanley reduced its price target for Entergy from $101 to $94.

📈 JPMorgan raised its price target for Entergy from $126 to $129.

🏢 Entergy recently froze executive retirement benefits and adjusted the CEO compensation plan.

🗳️ Shareholders have previously backed the company's board, auditors, and executive pay practices.

Bullish Signals
  • Barclays assigned a Buy rating to Entergy (ETR) with a price target of $119.00, signaling strong institutional confidence.
  • Analyst Nicholas Campanella has an impressive track record with an average return of 11.2% and a 65.83% success rate on recommended stocks.
  • Entergy recently received another Buy rating from KeyBanc's Sophie Karp, reinforcing positive analyst sentiment.
  • The company reported strong quarterly revenue growth, increasing from $2.85 billion last year to $3.19 billion in the quarter ending March 31.
  • Net profit demonstrated robust expansion, rising from $360.76 million to $390.81 million year-over-year.
  • JPMorgan raised its price target for Entergy to $129 from $126, indicating continued upside potential despite other analyst adjustments.
Risk Factors
  • Morgan Stanley maintains a Hold rating on Entergy (NYSE: ETR), indicating some analysts remain cautious despite recent upgrades.
  • Truist recently lowered its price target for Entergy from $130 to $127, suggesting a reduction in valuation expectations.
Full Analysis
Barclays analyst Nicholas Campanella has upgraded Entergy (ETR) to a Buy rating with a price target of $119.00, citing the company's strong fundamentals within the Utilities sector. This recommendation follows recent positive sentiment from other analysts, including a Buy rating from KeyBanc's Sophie Karp issued the previous day, though Morgan Stanley maintains a Hold rating. The upgrade is based on Entergy's latest quarterly earnings for the period ending March 31, which showed revenue of $3.19 billion and net profit of $390.81 million, representing growth from the prior year's figures of $2.85 billion in revenue and $360.76 million in net profit. The article contextualizes this rating within a broader landscape of analyst activity for Entergy, noting that Truist recently lowered its price target to $127 from $130, while Morgan Stanley reduced its target to $94 from $101, and JPMorgan raised its target to $129 from $126. The report highlights Campanella's track record in the Utilities sector, covering peers like Constellation Energy Corporation and Edison International, with an average return of 11.2% on his recommended stocks.