Vistra Corp (VST) Gets a Buy from Wells Fargo
In a report released yesterday, Shahriar Pourreza from Wells Fargo maintained a Buy rating on Vistra Corp, with a price target of $259.00. The company’s shares closed yesterday at $151.05.
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Pourreza covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Vistra Corp, and NRG Energy. According to TipRanks, Pourreza has an average return of 8.5% and a 69.13% success rate on recommended stocks.
Currently, the analyst consensus on Vistra Corp is a Strong Buy with an average price target of $225.08, which is a 49.01% 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. Last month, Margaret Montemayor, the SVP & CAO of VST sold 4,600.00 shares for a total of $736,000.00.
Read More on VST:
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