Wells Fargo Issues a Buy Rating on Vistra Corp (VST)
In a report released on June 18, Shahriar Pourreza from Wells Fargo assigned a Buy rating to Vistra Corp, with a price target of $220.00. The company’s shares closed last Thursday at $163.75.
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According to TipRanks, Pourreza is a 5-star analyst with an average return of 8.1% and a 67.42% success rate. Pourreza covers the Utilities sector, focusing on stocks such as NRG Energy, Public Service Enterprise, and Vistra Corp.
Currently, the analyst consensus on Vistra Corp is a Strong Buy with an average price target of $222.00, implying a 35.57% upside from current levels. In a report released on June 18, Goldman Sachs also maintained a Buy rating on the stock with a $209.00 price target.
Based on Vistra Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.65 billion and a net profit of $1.03 billion. In comparison, last year the company earned a revenue of $5.17 billion and had a GAAP net loss of $268 million
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VST in relation to earlier this year. Earlier this month, Margaret Montemayor, the SVP & CAO of VST sold 4,600.00 shares for a total of $736,000.00.
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