Morgan Stanley has recently raised Entergy Corp (ETR) stock rating, as announced on November 4, 2024, according to Finviz. Earlier, on November 4, 2024, BofA Securities had reduced the stock from a Buy to Neutral, setting a price target of $154 for ETR stock. Barclays also raised Overweight rating with a price target of $138. Additionally, BofA Securities raised Buy rating on November 21, 2023, with a target price of $110. RBC Capital Mkts analysts, in their report published on November 8, 2023, also reduced Sector Perform rating for Entergy Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Entergy Corp (ETR) Stock Trading Recap
On Monday, Entergy Corp (ETR) stock saw a modest uptick, ending the day at $150.35 which represents a slight increase of $1.37 or 0.92% from the prior close of $148.98. The stock opened at $148.72 and touched a low of $148.72 during the day, reaching a high of $152.58. The volume of shares traded was 1.73 million falling short of the average volume of 1.79 million.
ETR Stock Performance and Moving Averages
In recent trading, Entergy Corp (ETR) stock price has shown some volatility, fluctuating 5.56% over the last five trades and 15.09% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 34.42%, and it has gained 28.21% in the previous three months. Currently, ETR is trading at 7.33%, 13.10%, and 31.83% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ETR, a Utilities sector stock, is trading -4.14% below its 52-week high but remains 58.52% above its 52-week low. The Average True Range (ATR) (14 days) of 3.8 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Entergy Corp’s Profitability and Valuation Ratios
Entergy Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 19.17% and a profit margin of 14.81%, with a gross margin of 34.42%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Entergy Corp’s market capitalization stands at $32.90 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.3, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 19.45. Additionally, the Price-to-Sales Ratio is 2.77, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.14, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.21% of Entergy Corp (ETR)’s shares, while financial institutions hold 93.45%.
Notable insider trades include VIAMONTES ELIECER, “Officer” Under Sec. 16 Rules at Entergy Corp (ETR), who sold 800 shares on Nov 04 ’24, at $142.53 each, totaling $0.11 million. On Sep 23 ’24, NORGEOT PETER S JR, EVP & Chief Operating Officer, sold 7922 shares for $130 each, amounting to $1.03 million. Additionally, on Sep 13 ’24, NORGEOT PETER S JR sold 7000 shares at $125 each, generating $0.88 million.
