Dynegy Inc. (DYN) Trading Up 2.2%
Dynegy Inc. (NYSE:DYN) was up 2.2% during mid-day trading on Wednesday . The company traded as high as $13.34 and last traded at $13.06, with a volume of 1,527,452 shares. The stock had previously closed at $12.78.
A number of equities research analysts have recently issued reports on DYN shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Dynegy in a report on Wednesday, May 18th. Barclays PLC upped their price objective on shares of Dynegy from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, May 20th. Citigroup lowered shares of Dynegy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $21.00 in a report on Friday, June 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Dynegy in a report on Friday, June 17th. Finally, SunTrust Banks raised shares of Dynegy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $20.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $29.46.
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The firm’s market cap is $1.55 billion. The stock has a 50 day moving average of $13.88 and a 200 day moving average of $15.36.
Dynegy (NYSE:DYN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by $6.23. Equities analysts expect that Dynegy Inc. will post ($1.77) EPS for the current fiscal year.
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
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