Credit Suisse Group Begins Coverage on Vistra Energy Corp. (VST)
Credit Suisse Group began coverage on shares of Vistra Energy Corp. (NYSE:VST) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $20.00 price target on the stock.
VST has been the topic of several other reports. Zacks Investment Research raised Vistra Energy Corp. from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Thursday, August 10th. Barclays PLC reaffirmed a hold rating and set a $17.00 target price on shares of Vistra Energy Corp. in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a buy rating and set a $20.00 target price on shares of Vistra Energy Corp. in a research report on Saturday, July 22nd. Tudor Pickering assumed coverage on Vistra Energy Corp. in a research report on Monday, June 26th. They set a buy rating and a $21.00 target price on the stock. Finally, UBS AG reaffirmed a sell rating and set a $14.00 target price on shares of Vistra Energy Corp. in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Vistra Energy Corp. currently has an average rating of Hold and a consensus target price of $18.86.
Shares of Vistra Energy Corp. (VST) opened at 18.15 on Wednesday. Vistra Energy Corp. has a 52-week low of $0.01 and a 52-week high of $25.24. The stock has a market capitalization of $7.76 billion and a PE ratio of 10.62. The company’s 50 day moving average price is $17.20 and its 200 day moving average price is $16.23.
Vistra Energy Corp. (NYSE:VST) last announced its earnings results on Friday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. On average, equities research analysts anticipate that Vistra Energy Corp. will post $0.61 EPS for the current year.
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Several hedge funds have recently made changes to their positions in the company. Koch Industries Inc. acquired a new position in shares of Vistra Energy Corp. in the second quarter valued at about $82,584,000. Brookfield Asset Management Inc. acquired a new position in shares of Vistra Energy Corp. in the second quarter valued at about $1,226,917,000. Apollo Management Holdings L.P. acquired a new position in shares of Vistra Energy Corp. in the second quarter valued at about $887,790,000. Vanguard Group Inc. acquired a new position in shares of Vistra Energy Corp. in the second quarter valued at about $382,296,000. Finally, Franklin Resources Inc. acquired a new position in shares of Vistra Energy Corp. in the second quarter valued at about $294,121,000.
Vistra Energy Corp. Company Profile
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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