Zacks: Vistra Energy Corp. (VST) Given Consensus Recommendation of “Buy” by Analysts
Vistra Energy Corp. (NYSE:VST) has been assigned a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company. Vistra Energy Corp.’s rating score has declined by 50% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus target price of $19.50 for the company, according to Zacks. Zacks has also given Vistra Energy Corp. an industry rank of 105 out of 265 based on the ratings given to related companies.
A number of brokerages recently issued reports on VST. Zacks Investment Research raised shares of Vistra Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, August 10th. Barclays PLC reissued a “hold” rating and issued a $17.00 price objective on shares of Vistra Energy Corp. in a report on Tuesday, July 25th. Deutsche Bank AG reissued a “buy” rating and issued a $20.00 price objective on shares of Vistra Energy Corp. in a report on Saturday, July 22nd. Tudor Pickering began coverage on shares of Vistra Energy Corp. in a report on Monday, June 26th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, UBS AG reissued a “sell” rating and issued a $14.00 price objective on shares of Vistra Energy Corp. in a report on Wednesday, May 24th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Matlinpatterson Global Advisers LLC bought a new position in shares of Vistra Energy Corp. during the second quarter valued at $8,352,000. Wedbush Securities Inc. bought a new position in shares of Vistra Energy Corp. during the second quarter valued at $1,144,000. IMS Capital Management bought a new position in shares of Vistra Energy Corp. during the second quarter valued at $848,000. Hodges Capital Management Inc. bought a new position in shares of Vistra Energy Corp. during the second quarter valued at $2,560,000. Finally, NGAM Advisors L.P. bought a new position in shares of Vistra Energy Corp. during the second quarter valued at $4,564,000. 4.14% of the stock is owned by institutional investors.
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Shares of Vistra Energy Corp. (VST) traded up 2.45% during mid-day trading on Tuesday, hitting $17.54. 1,571,911 shares of the stock traded hands. The firm has a 50 day moving average of $16.65 and a 200 day moving average of $16.17. The stock has a market cap of $7.50 billion and a price-to-earnings ratio of 10.26. Vistra Energy Corp. has a 12 month low of $0.01 and a 12 month high of $25.24.
Vistra Energy Corp. (NYSE:VST) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.03. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. On average, equities analysts expect that Vistra Energy Corp. will post $0.59 EPS for the current fiscal year.
About Vistra Energy Corp.
Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.
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