PG&E (NYSE:PCG) Target Lowered by Morgan Stanley to $11.00

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PG&E stock has undergone multiple analysts rating changes in the recent past.  PG&E stock Target Lowered by   Morgan Stanley on 6/29/2020. In a note to investors, the firm issued a new target price of $11.00. The analysts previously had $13.00 target price. Morgan Stanley’s price target would indicate a potential upside of 20.48% from the stock’s previous close.

Shares of PG&E traded down -$0.03 on Monday, reaching $9.11. 15211391 shares of the stock traded hands, compared to its average volume of 19421922. Shares of were trading at $9.11 on Monday. The firm’s 50 day moving average is $$11.11 and its 200 day moving average is $10.91.PG&E  has a 12 month low of $8.90 and a 12 month high of $24.12. While on yearly highs and lows, PG&E today has traded high as $9.29 and has touched $8.90 on the downward trend.

PG&E Earnings and What to expect: 

PG&E last announced its quarterly earnings results on May 1st, 2020. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.09. The firm earned $4.31 billion during the quarter. PG&E has generated $3.93 earnings per share over the last year. PG&E has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, August 14th, 2020 based off prior year’s report dates.

Earnings for PG&E are expected to decrease by -6.44% in the coming year, from $2.64 to $2.47 per share. The P/E ratio of PG&E is -0.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of PG&E is -0.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. PG&E has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.14%
  • On 8/22/2018 COO Nickolas Stavropoulos Sell 1,161 at average share price of $44.79 which equates to $52,001.19 in money value.
  • On 6/1/2018 SVP Julie Kane Sell 489 at average price of  $43.33 with total value of : Not Data Available
  • On 3/6/2018 EVP John R. Simon Sell 3,211 at average price of  $41.93 with total value of : $134,637.23
  • See More Analyst Rating at: RATING

Other Analyst’s rating for PG&E

  • 6/24/2020 – PG&E is now covered by analysts at Vertical Research. They set a “buy” rating and a $14.00 price target on the stock.
  • 6/23/2020 – PG&E is now covered by analysts at Seaport Global Securities. They set a “neutral” rating on the stock.
  • 6/17/2020 – PG&E had its price target raised by analysts at Morgan Stanley from $10.00 to $13.00. They now have an “equal weight” rating on the stock.
  • 6/16/2020 – PG&E was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $12.00 price target on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Morgan Stanley: 

  • 6/29/2020 – Edwards Lifesciences had its price target lowered by analysts at Morgan Stanley from $83.33 to $83.00. They now have an “overweight” rating on the stock.
  • 6/29/2020 – Spotify had its price target raised by analysts at Morgan Stanley from $190.00 to $275.00. They now have an “overweight” rating on the stock.
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $50.00 price target on the stock.
  • 6/26/2020 – RIGHTMOVE PLC/ADR had its “equal weight” rating re-affirmed by analysts at Morgan Stanley.
  • See More Analyst Rating at: RATING

PG&E (NYSE:PCG) Moving Average Technical Analysis

5 day Moving Average is $$9.55 And 5 day price change is -$0.78 (-7.82%)  with average volume for 5 day average is 49,759,539. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $10.91 and 20 day price change is -$2.68 (-22.58%) and average 20 day moving volume is 22,530,445. 50 day moving average is $11.11  and 50 day price change is -$2.22 ( -19.46%)  and with average volume for 50 days is : 14,303,056. 200 day moving average is $10.91  and 200 day price change is -$0.91 (-9.01%)  and with average volume for 200 days is : 16,350,175.

See More Analyst Rating at: RATING