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TD Cowen Reaffirms Their Buy Rating on PG&E (PCG)

Tipranks - Tipranks - Tue Feb 24, 6:44AM CST

TD Cowen analyst Shelby Tucker maintained a Buy rating on PG&E on February 20 and set a price target of $24.00. The company’s shares closed last Friday at $18.36.

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According to TipRanks, Tucker is a 5-star analyst with an average return of 10.0% and a 68.05% success rate. Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, Eversource Energy, and Dominion Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PG&E with a $22.00 average price target, representing a 19.83% upside. In a report released on February 17, 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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