CONSOL Energy Stock Rating Upgraded by BMO Capital Markets (CNX)
BMO Capital Markets upgraded shares of CONSOL Energy (NYSE: CNX) from a market perform rating to an outperform rating in a research report released on Monday morning. BMO Capital Markets currently has $42.00 price target on the stock, up from their previous price target of $35.00.
“CONSOL Energy is one of the only stocks in BMO Research’s coal coverage universe not expected to break covenants at any assumed commodity pricing scenario. CNX’s valuation appears attractive relative to peers and its historical norm. CONSOL is exposed to U.S. thermal coal, but as a low-cost producer CNX’s production cuts are expected to be minimal. Further transactions in the natural gas business such as JVs or MLP’s could also increase free cash flow.,” the firm’s analyst wrote.
A number of other analysts have also recently weighed in on CNX. Analysts at Goldman Sachs downgraded shares of CONSOL Energy from a buy rating to a neutral rating in a research note to investors on Monday, March 4th. They now have a $36.00 price target on the stock, up previously from $34.00. Separately, analysts at Brean Murray reiterated a buy rating on shares of CONSOL Energy in a research note to investors on Monday, February 11th. They now have a $44.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of CONSOL Energy from $43.00 to $45.00 in a research note to investors on Friday, February 8th. They now have a buy rating on the stock.
Eighteen analysts have rated the stock with a buy rating, one has issued an overweight rating, seven have given a hold rating, and one has assigned an underweight rating to the company’s stock. The company presently has a consensus rating of overweight and an average target price of $41.65.
Shares of CONSOL Energy traded up 0.43% during mid-day trading on Monday, hitting $32.71. CONSOL Energy has a 52 week low of $26.41 and a 52 week high of $37.39. The stock’s 50-day moving average is currently $31.94. The company has a market cap of $7.462 billion and a P/E ratio of 19.16.
CONSOL Energy Inc. (CONSOL Energy) is a producer of coal and natural gas for global energy and raw material markets, which include the electric power generation industry and the steelmaking industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.