Are Analysts Expecting A Better 2020 For Constellation Energy Corporation (CEG)?

Constellation Energy Corporation (CEG) concluded trading on Thursday at a closing price of $239.02, with 2.82 million shares of worth about $673.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.68% during that period and on December 12, 2024 the price saw a gain of about 1.02%. Currently the company’s common shares owned by public are about 312.76M shares, out of which, 310.83M shares are available for trading.

Stock saw a price change of -6.67% in past 5 days and over the past one month there was a price change of 4.51%. Year-to-date (YTD), CEG shares are showing a performance of 104.48% which increased to 108.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $109.44 but also hit the highest price of $288.75 during that period. The average intraday trading volume for Constellation Energy Corporation shares is 3.39 million. The stock is currently trading -2.16% below its 20-day simple moving average (SMA20), while that difference is down -5.70% for SMA50 and it goes to 12.64% higher than SMA200.

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Constellation Energy Corporation (NASDAQ: CEG) currently have 312.76M outstanding shares and institutions hold larger chunk of about 82.27% of that.

The stock has a current market capitalization of $74.76B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 26.38, while it has posted earnings per share of $9.06 in the same period. Its PEG reads 2.06 and has Quick Ratio of 1.43 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CEG, volatility over the week remained 4.31% while standing at 4.13% over the month.

Stock’s fiscal year EPS is expected to rise by 48.11% while it is estimated to increase by 8.92% in next year. EPS is likely to shrink at an annualized rate of 12.80% for next 5-years, compared to annual growth of 34.63% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on Dec-13-24 offering a Buy rating for the stock and assigned a target price range of between $237 and $269 to it. Coverage by JP Morgan stated Constellation Energy Corporation (CEG) stock as an Overweight in their note to investors on October 17, 2024, suggesting a price target of $342 for the stock. On October 15, 2024, Citigroup Initiated their recommendations, while on September 13, 2024, Jefferies Initiated their ratings for the stock with a price target of $186. Stock get an Overweight rating from Barclays on August 08, 2024.

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