Talen Energy Corporation Common (NYSE:TLN):
Talen Energy-Riverstone Merger Agreement Approved by FERC.
The company is up by 0.29 percent from yesterday’s close.
It is trading at $13.94 which is just a bit higher than the 50 day moving average of $13.87 and which is just over the 200 day moving average of $13.26. The 50 day moving average was up by +0.51% whereas the 200 day moving average was up $0.68 or +5.15%.
In the last earnings report the EPS was $-2.45 and is projected to be $1.47 for the current year with 128,526,000 shares outstanding. Next quarter’s EPS is estimated at $-0.38 and the next full year EPS is projected to be $0.09.
Several Wall Street investment firms have provided guidance on the stock recently. On June 17 the company was changed to a “Equal-weight” by Barclays down from the previous “Overweight” rating. On June 6 the stock rating was downgraded to “Neutral” from “” and a price target of $14.00 was set in a statement from Evercore ISI Group.
On June 6, 2016 SunTrust Robinson Humphrey left the price objective at $14.00 but downgraded the stock from Buy to Neutral. On June 6 the company was downgraded from “Buy” to “Neutral” with a current price target of $14.00 in a report from SunTrust Robinson Humphrey.
June 6 investment analysts at UBS made no change to the stock rating of “Neutral” but lowered the price target to $14.00 from $18.00. On March 18 Barclays held the stock rating at “Overweight” and raised the price target from $8.00 to $10.00.