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TD Cowen Sticks to Their Buy Rating for PG&E (PCG)

Tipranks - Tipranks - Sat Apr 18, 7:52AM CDT

In a report released yesterday, Shelby Tucker from TD Cowen maintained a Buy rating on PG&E, with a price target of $24.00. The company’s shares closed yesterday at $17.37.

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Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, Eversource Energy, and PG&E. According to TipRanks, Tucker has an average return of 9.9% and a 67.73% success rate on recommended stocks.

PG&E has an analyst consensus of Strong Buy, with a price target consensus of $22.75, implying a 30.97% upside from current levels. In a report released on April 14, Barclays also maintained a Buy rating on the stock with a $23.00 price target.

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Based on PG&E’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.8 billion and a net profit of $670 million. In comparison, last year the company earned a revenue of $6.63 billion and had a net profit of $674 million

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