Dynegy Inc. (DYN) Stock Price Down 2.4%
Dynegy Inc. (NYSE:DYN) shares traded down 2.4% during mid-day trading on Tuesday . The company traded as low as $12.67 and last traded at $12.69, with a volume of 548,250 shares changing hands. The stock had previously closed at $13.00.
A number of research analysts recently issued reports on the stock. Citigroup Inc. lowered shares of Dynegy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $21.00 in a report on Friday, June 10th. Deutsche Bank AG dropped their price objective on shares of Dynegy from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 5th. SunTrust Banks Inc. dropped their price objective on shares of Dynegy from $20.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Dynegy in a report on Friday, June 17th. Finally, Zacks Investment Research upgraded shares of Dynegy from a “sell” rating to a “hold” rating in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.46.
The company’s market capitalization is $1.45 billion. The company has a 50 day moving average of $14.45 and a 200 day moving average of $15.21.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by $6.23. On average, analysts expect that Dynegy Inc. will post ($1.77) earnings per share for the current 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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