Wells Fargo Sticks to Their Buy Rating for Vistra Corp (VST)
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Vistra Corp on June 25 and set a price target of $259.00. The company’s shares closed last Friday at $167.77.
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Pourreza covers the Utilities sector, focusing on stocks such as NRG Energy, Public Service Enterprise, and Vistra Corp. According to TipRanks, Pourreza has an average return of 9.1% and a 71.75% success rate on recommended stocks.
Currently, the analyst consensus on Vistra Corp is a Strong Buy with an average price target of $225.08, a 34.16% upside from current levels. In a report released on June 24, Morgan Stanley also maintained a Buy rating on the stock with a $210.00 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 73 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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- Vistra price target lowered to $210 from $212 at Morgan Stanley
- Lyft upgraded, Leidos downgraded: Wall Street’s top analyst calls
- Vistra initiated with an Outperform at Bernstein
- Vistra price target raised to $230 from $227 at Seaport Research
- Analyst Maintains Buy on Vistra and Keeps $212 Price Target on Upside from Helix Digital Infrastructure Platform
