Constellation Energy Corporation (NASDAQ: CEG) Has Another Chance To Impress You

Currently, there are 317.00M common shares owned by the public and among those 312.13M shares have been available to trade.

The company’s stock has a 5-day price change of 29.04% and 18.98% over the past three months. CEG shares are trading 119.97% year to date (YTD), with the 12-month market performance up to 133.87% higher. It has a 12-month low price of $102.40 and touched a high of $255.24 over the same period. CEG has an average intraday trading volume of 3.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.95%, 35.77%, and 47.87% respectively.

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Institutional ownership of Constellation Energy Corporation (NASDAQ: CEG) shares accounts for 82.77% of the company’s 317.00M shares outstanding.

It has a market capitalization of $80.40B and a beta (3y monthly) value of 0.73. The stock’s trailing 12-month PE ratio is 34.27, while the earnings-per-share (ttm) stands at $7.50. The company has a PEG of 2.35 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.39% over the week and 4.11% over the month.

Analysts forecast that Constellation Energy Corporation (CEG) will achieve an EPS of 2.55 for the current quarter, 1.91 for the next quarter and 8.87 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.34 while analysts give the company a high EPS estimate of 2.34. Comparatively, EPS for the current quarter was 2.26 a year ago. Earnings per share for the fiscal year are expected to increase by 44.76%, and 10.75% over the next financial year. EPS should shrink at an annualized rate of 14.60% over the next five years, compared to 34.63% over the past 5-year period.

Looking at the support for the CEG, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on September 13, 2024, with the firm’s price target at $186. Barclays coverage for the Constellation Energy Corporation (CEG) stock in a research note released on August 08, 2024 offered a Overweight rating with a price target of $211. Argus was of a view on July 19, 2024 that the stock is Buy, while KeyBanc Capital Markets gave the stock Overweight rating on February 28, 2024, issuing a price target of $190. Seaport Research Partners on their part issued Neutral rating on November 29, 2023.

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