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CenterPoint Energy (CNP) Stock Forecast & Price Target

$28.97
+0.15 (+0.52%)
(As of 07/19/2024 ET)

CenterPoint Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for CenterPoint Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 4 have given a hold rating, and 5 have given a buy rating for CNP.

Consensus Price Target

$30.90
6.66% Upside
High Forecast$33.00
Average Forecast$30.90
Low Forecast$29.00

According to the 10 analysts' twelve-month price targets for CenterPoint Energy, the average price target is $30.90. The highest price target for CNP is $33.00, while the lowest price target for CNP is $29.00. The average price target represents a forecasted upside of 6.66% from the current price of $28.97.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$30.90$30.80$30.30$32.56
Forecasted Upside6.66% Upside8.73% Upside8.18% Upside10.60% Upside
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CNP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CNP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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CenterPoint Energy Stock vs. The Competition

TypeCenterPoint EnergyUtilities CompaniesS&P 500
Consensus Rating Score
2.40
2.46
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside6.66% Upside61.41% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Morgan Stanley
3 of 5 stars
 DowngradeOverweight ➝ Equal Weight$30.00 ➝ $29.00+1.47%
6/26/2024BMO Capital Markets
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$32.00 ➝ $33.00+8.84%
5/20/2024KeyCorp
4 of 5 stars
 Boost TargetOverweight ➝ Overweight$31.00 ➝ $33.00+9.71%
4/22/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$31.00 ➝ $29.00+0.31%
3/14/2024Barclays
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 Boost TargetUnderweight ➝ Underweight$28.00 ➝ $29.00+3.87%
2/21/2024Guggenheim
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 Lower TargetBuy ➝ Buy$33.00 ➝ $32.00+13.72%
2/21/2024Mizuho
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 Reiterated RatingNeutral ➝ Neutral$30.00 ➝ $29.00+3.31%
1/23/2024Evercore ISI
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 DowngradeOutperform ➝ In-Line$29.00 ➝ $30.00+9.21%
10/17/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$34.00 ➝ $32.00+14.53%
9/6/2023Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$34.00 ➝ $33.00+20.53%
6/6/2023UBS Group
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 DowngradeBuy ➝ Neutral$33.00 ➝ $30.00+4.35%
4/14/2023Bank of America
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 Boost TargetBuy$30.00 ➝ $35.00+13.97%
12/14/2022Wells Fargo & Company
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 Boost Target$35.00+12.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:31 AM ET.

CNP Forecast - Frequently Asked Questions

What is CenterPoint Energy's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for CenterPoint Energy is $30.90, with a high forecast of $33.00 and a low forecast of $29.00.

Should I buy or sell CenterPoint Energy stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNP, but not buy additional shares or sell existing shares.

Does CenterPoint Energy's stock price have much upside?

According to analysts, CenterPoint Energy's stock has a predicted upside of 8.49% based on their 12-month stock forecasts.

Has CenterPoint Energy been downgraded by Wall Street analysts recently?

Over the previous 90 days, CenterPoint Energy's stock had 1 downgrade by analysts.

What analysts cover CenterPoint Energy?

CenterPoint Energy has been rated by research analysts at BMO Capital Markets, KeyCorp, Morgan Stanley, and Scotiabank in the past 90 days.

Do Wall Street analysts like CenterPoint Energy more than its competitors?

Analysts like CenterPoint Energy less than other "utilities" companies. The consensus rating score for CenterPoint Energy is 2.40 while the average consensus rating score for "utilities" companies is 2.46. Learn more on how CNP compares to other companies.


This page (NYSE:CNP) was last updated on 7/20/2024 by MarketBeat.com Staff

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